Washington Post, June 3, 2021–Kathy OrtonAfter the holiday weekend, mortgage rates drifted up but still stayed under 3 percent. (MBA mention)https://www.washingtonpost.com/business/2021/06/03/mortgage-rates-wander-higher-remain-below-3-percent/
Category: Top National News
Fed’s Beige Book Reports Pickup in Recovery, Price Pressures
Bloomberg, June 2, 2021–Steve Matthews, Payne LubbersThe pace of the U.S. recovery picked up somewhat in the past two months, sparking price pressures as businesses contended with worker scarcity and …
Mortgage Tech Firm Volly Scoops Up Home Captain
HousingWire, June 2, 2021–Alex RohaVolly, a mortgage tech company that offers customer relationship management and point-of-sale services for lenders, announced Wednesday the acquisition of mortgage and real estate tech startup …
Spruce Raises $60M to Build ‘One-Click Checkout’ for Real Estate
National Mortgage News, June 2, 2021–Paul Centopani (subscription)Spruce announced on Wednesday that it closed $60 million in a Series C fundraise. Zigg Capital led the round, alongside other existing investors …
The Economic Recovery Is Here. It’s Unlike Anything You’ve Seen
Wall Street Journal, June 2, 2021–Gwynn Guilford, Sarah Chaney Cambon (subscription)The U.S. economic recovery is unlike any in recent history, powered by consumers with trillions in extra savings, businesses eager …
What to Consider When Tapping Your Home Equity as House Prices Rise
Wall Street Journal, June 2, 2021–Deborah Acosta (subscription)More Americans are tapping their homes for cash, taking advantage of low interest rates and the rise in home values. (MBA mention)https://www.wsj.com/articles/how-to-consider-tapping-your-home-equity-as-house-prices-rise-11622628000
Appeals Court Rejects Bid By Landlords to Resume Evictions
The Hill, June 2, 2021–John KruzelA federal appeals court in Washington, D.C., on Wednesday denied a request by a group of landlords to resume evictions, leaving the temporary nationwide eviction …
All-Cash Offers are King in this Hysterical Real Estate Market. Here’s What You Need to Know
CNN Business, June 2, 2021–Anna BahneyIn this wild housing market, with 21% fewer homes on the market than last year and demand pushing prices to record highs, the competition for …
What The CEO of the World’s Largest Real Estate Firm Says About the Industry’s Future
D Magazine (Dallas), June 2, 2021–Maria LawsonBob Sulentic began his career as an industrial leasing agent in 1984 with Trammell Crow Co. Now at the helm of the largest commercial …
Housing Boom May Be Cooling as Weekly Mortgage Demand Drops Again
CNBC, June 2, 2021–Diana OlickEven with interest rates falling slightly, mortgage application volume fell 4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. …