Wall Street Journal, Oct. 28, 2022–Gabriel T. Rubin (subscription)The employment-cost index, a measure of what employers pay for wages and benefits, rose 5% in the third quarter from the same …
Category: Top National News
Homebuyer Affordability Took Huge Hit in September: MBA
Mortgage Professional America, Oct. 28, 2022–Candyd MendozaBorrower affordability conditions declined further as the national median payment applied for by mortgage applicants jumped to $1,941 in September from $1,839 in August, …
Redwood Limiting Acquisitions of Jumbo Mortgages
Inside Mortgage Finance, Oct. 28, 2022–Brandon IveyWith demand for jumbo mortgage-backed securities exceptionally weak, officials at Redwood Trust said this week that the real estate investment trust “intentionally maintained light …
Nobel Laureate Paul Krugman Warns the US Economy’s Rebound Won’t Last – And Flags Housing and Exports as Key Worries
Business Insider, Oct. 28, 2022–Theron MohamedPaul Krugman brushed off the rebound in US GDP last quarter, saying it would be short-lived. The Nobel laureate expects pressure on exports and housing …
Mortgage Rates Hit Two-Decade High: What Should Prospective Home-Buyers Do?
CBS Boston, Oct. 28, 2022–Paula BreenMortgage rates have climbed to 7% – the highest number they’ve been in two decades. WBZ-TV’s Paula Ebben spoke with Warren Group CEO Tim Warren …
A Court Just Ruled that CFPB’s Funding is Unconstitutional, and that Could be ‘Catastrophic’ for Mortgage Market
CNBC, Oct. 28, 2022–Stephanie Dhue“We do like to settle rules that give us some safe harbors for the way that we make mortgages and we don’t want that to all …
The Loan Process Can Be Haunted
The Housing Scene, Oct. 27, 2022–Lew SichelmanThe loan approval process can be a haunting experience, full of gremlins and “gotchas” that can jump out to derail your financing without warning.https://www.uexpress.com/home/housing-scene/2022/10/28
What It’s Like to Buy and Sell in the New, Weird Housing Market
Washington Post, Oct. 28, 2022–Rachel KurziusRising mortgage rates, high prices and low inventory mean nobody feels like they’re winning.https://www.washingtonpost.com/home/2022/10/27/housing-market-high-mortgage-rates/
Mortgage Rates: It May be ‘a Little Bit Easier’ to Find a Home in 2023, Economist Says
Yahoo!Finance, Oct. 27, 2022Mortgage Bankers Association Chief Economist & SVP, Research & Industry Technology Mike Fratantoni joins Yahoo Finance Live to discuss mortgage rates hitting a 20-year high and the …
Mortgage Rates Top 7%; Homeowners Respond To Climate Change; What Luxury Property Buyers Want
ValueWalk, Oct. 27, 2022–Phil Hall“The ongoing trend of rising mortgage rates continues to depress mortgage application activity, which remained at its slowest pace since 1997,” said MBA Vice President and …