Forbes, July 28, 2022–Andrea RiquierRates for home loans slipped slightly this week, as concerns about slowing economic growth cast a shadow over the housing and financial markets. (MBA mention)https://www.forbes.com/advisor/mortgages/mortgage-rates-dip-amid-recession-fears/
Category: Top National News
CRE Braces for Impact of Interest Rate Hike
Commercial Property Executive, July 28, 2022–Gail KalinoskiHow will the 75 basis point increase affect finance and investment? Industry veterans weigh in.https://www.commercialsearch.com/news/cre-executives-economists-brace-for-more-interest-rate-hikes/
A College Town Takes On Exclusionary Zoning
Bloomberg, July 28, 2022–Patrick SpausterSingle-family zoning could soon be a thing of the past in one of the nation’s biggest classic college towns, with lawmakers set to vote next week …
Is the Housing Market in a Recession? Here’s What Economists are Saying
MarketWatch, July 28, 2022–Aarthi SwaminathanEconomists are divided over whether to say the housing market’s in a recession. But they all agree that the slowdown has been dramatichttps://www.marketwatch.com/story/is-the-housing-market-in-a-recession-heres-what-economists-are-saying-11659021126
Manchin-Schumer Deal Closes Real Estate Tax Loophole
The Real Deal, July 28, 2022Senate Majority Leader Charles Schumer and Sen. Joe Manchin have agreed to a deal on long-stalled legislation that would kill the carried-interest tax loophole, which …
Fed’s Interest Rate Hike to Create Less Competition in the Housing Market
HousingWire, July 28, 2022–Connie KimAs the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news …
Rising Interest Rates Bring Anxiety to Commercial Property Lending
Propmodo, July 27, 2022–Holly DuttonThe past several years have been great for commercial real estate. Even amid an unprecedented global health crisis, supply chain woes and rising construction costs, overall, …
Housing Market ‘Pushed to the Limit’ as Mortgage Rates Jump
Axios, July 28, 2022–Emily PeckThe housing slowdown we’ve been anticipating for months is here. Home sales are slowing down and, some of the pandemic era’s hottest “Zoomtowns” — sleepy areas …
Mr. Cooper’s Earnings Slide From Q1 But Benefit From Servicing
National Mortgage News, July 27, 2022–Brad Finkelstein (subscription)Mr. Cooper’s second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were …
Multifamily Braces for Another Fed Rate Hike
Multi-Housing News, July 27, 2022–Jeffrey SteeleExperts weigh in on what today’s rate hike means for the industry—and on the challenges ahead.https://www.multihousingnews.com/multifamily-braces-for-another-fed-rate-hike/?