Orange County Register, June 23, 2022–Jeff LazersonBidding wars are largely over. Buyers have stopped begging to be the chosen ones. More homes are lingering on the market for several weeks, …
Category: Top National News
Housing Construction is Near a 49-Year High, But is it Enough?
National Mortgage News, June 23, 2022–Andrew Martinez (subscription)Some housing industry leaders believe a growing construction pipeline will temper an anticipated market cooldown, a view challenged by others pointing to affordability …
Fed’s Inflation Fight is ‘Unconditional,’ Powell Says
Reuters, June 22, 2022–Lindsay Dunsmuir, Ann Saphirhe Federal Reserve’s commitment to reining in 40-year-high inflation is “unconditional,” U.S. central bank chief Jerome Powell told lawmakers on Thursday, even as he …
Republicans Seek Delays to Housing Bills, Citing Inflation
National Mortgage News, June 22, 2022–Brendan Pedersen (subscription)Lawmakers on the House Financial Services Committee clashed over the role of government investment in down-payment assistance and other housing programs on Wednesday …
Mortgage Rates Continue to Escalate, Move Closer to 6 Percent
Washington Post, June 22, 2022–Michele LernerRates for fixed-rate mortgages have surged since the start of the year, rising more than two full percentage points. The higher borrowing costs are part …
Depositories Nibble at Nonbank Share of Mortgage Lending
Inside Mortgage Finance, June 22, 2022–John BancroftThere was plenty of pain for everybody in the first-quarter primary mortgage market, but depository institutions may have fared a little better than nonbanks.https://www.insidemortgagefinance.com/articles/224971-depositories-nibble-at-nonbank-share-of-mortgage-lending?v=preview
Housing Beat: Mortgage Rates Spike As Median Rental Housing Prices Break Records
Benzinga, June 23, 2022–Phil HallThis week in the housing and mortgage industries saw the continued rise of mortgage rates, the continued slump in existing home sales and rental housing costs …
MBA Reports Median Mortgage Application Payments Rose Slightly in May
MortgageOrb, June 22, 2022–Ariana FineHomebuyer affordability was mostly unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 in April. This is …
As Housing Cools, Mortgage Loan Size Falls
Fox Business, June 22, 2022–Breck DumasThe average loan amount for a home mortgage in the U.S. is down markedly from the high in mid-March, indicating that the housing market is …
CUs in the South Take the Lead in Real Estate Loans
Credit Union Times, June 22, 2022–Jim DuPlessisA CU Times analysis of NCUA data showed the South emerged in the first quarter as the largest credit union producer of residential real …