Washington Post, Mar. 24, 2022–Kathy OrtonMortgage rates showed no let up in their upward march this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate …
Category: Top National News
U.S. Housing Is So Hot Even a Fed Governor Can’t Buy a Home
Bloomberg, Mar. 24, 2022–Allison McNeely“Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Governor Christopher …
Median Mortgage Application Payment Jumped 8.3% In February
National Mortgage Professional, Mar. 24, 2022–David KrechevskyWith housing prices and interest rates climbing, it’s becoming increasingly difficult for a consumer to afford to buy a home. Now the Mortgage Bankers …
MBA Gives Thumbs Up to Action Plan Curbing Appraiser Bias
Mortgage Professional America, Mar. 24, 2022–Micah GuiaoBob Broeksmit, president and chief executive officer of MBA, said an improvement of the appraisal process remains a top policy issue for the association, …
Housing Beat: Mortgage Rates Soar, Mortgage Applications Sink
Benzinga, Mar. 24, 2022–Phil HallWhile mortgage rates were on the rise, mortgage loan applications went in the opposite direction. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of …
Agencies Took Larger Share of 1-4 Mortgage Debt in 2021
Inside Mortgage Finance, Mar. 24, 2022–John BancroftThe supply of first-lien home mortgage debt topped a new benchmark in the fourth quarter of 2021, thanks to vigorous growth in the agency …
Beleaguered House Hunters are Now Watching Mortgage Rates Spike, Too
NBC News, Mar. 24, 2022–Martha C. WhiteU.S. shoppers have faced sticker shock as goods from cars to steak to mortgages have gotten much costlier. “This is a volatile time in …
As Mortgage Rates Keep Climbing, Homes are More Expensive for Both Renters and Buyers
CNBC, Mar. 24 2022–Mike WintersOne of the advantages to buying a home is that mortgage payments can be cheaper than renting provided you have enough money saved up to afford …
Homebuyers ‘Are Not Letting Down’ as Mortgage Rates Rise
Yahoo Finance, March 23, 2022–Gabriella Cruz-MartinezRising mortgage rates and inflation topping 40-year highs aren’t deterring some homebuyers who have rushed to secure a rate ahead of what should be a …
Home Values Soared During the Pandemic, Except for These Black Families
Washington Post, Mar. 23, 2022–Tracy JanHomes in Black neighborhoods are valued at 23 percent less, on average, than those in comparable White neighborhoods — despite having similar neighborhood and property …