Forbes, Apr. 14, 2022–Richard FowlerIn a move to double-down on Rev. Dr. Martin Luther King Jr.’s legacy and the Biden administration’s broader fight for racial equity, HUD Secretary Marcia Fudge …
Category: Top National News
Manhattan Apartment Rents Hit Another Record in Frenzied Market
Bloomberg, Apr. 14, 2022Manhattan apartment rents rose 23% in March on a year-over-year basis, according to a report by Miller Samuel and Douglas Elliman Real Estate. New leases signed for …
Mortgage Rates Top 5 Percent for the First Time in Decade
The Hill, Apr. 14, 2022–Tobias BurnsThe interest rate for the 30-year fixed-rate mortgage hit a ten-year high of 5 percent Thursday, continuing steep inclines that started last December in a …
Buyers Stymied by Fewer Homes, High Prices, Rising Rates
Associated Press, Apr. 14, 2022–Alex Veiga (MBA mention)America’s housing market has grown increasingly frenzied and prices are out of reach for many buyers, especially first-timers. This spring, traditionally the busiest …
‘The Mall is Not Dead’ Amid Rise in Online Shopping, Retail Expert Says
Yahoo Finance, Apr. 14, 2022–Thomas HumConsumer and retail expert Natalie Kotlyar, Managing Partner at BDO USA, believes malls still have life left in them.https://finance.yahoo.com/news/the-mall-is-not-dead-amid-rise-in-online-shopping-retail-expert-says-155322560.html
Nonbank Agency MSR Share: North of 61%
Inside Mortgage Finance, April 14, 2022–John Bancroft (subscription)Nonbanks owned $5.090 trillion of single-family mortgage servicing rights attached to securities issued by Fannie Mae, Freddie Mac and Ginnie Mae at the …
Mortgage Rates Hit 5%, Highest Rate in 11 Years
Washington Post, Apr. 14, 2022–Kathy Orton, Rachel SiegelMortgage rates are on a rapid ascent — soaring above 5 percent for the first time in more than a decade — and …
Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher
Benzinga, Apr. 14, 2022–Phil HallThe week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state …
MBA Lowers Mortgage Outlook Through 2023
Credit Union Times, Apr. 13, 2022–Jim DuPlessisThe Mortgage Bankers Association on Wednesday lowered its forecast for both refinance and purchase originations this year and next as interest rates rise faster …
Interest Rises in ARMs
The M Report, Apr. 14, 2022–Eric PeckMortgage application volume continues to tumble, as the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association found overall volume sliding 1.3% week-over-week.https://themreport.com/daily-dose/04-13-2022/interest-rises-arms