“Combine high rental prices with student loan debt and relatively low incomes, and it’s difficult for millennials and Gen Z renters to put money into savings, retirement accounts and down-payment funds to eventually buy a house. They may also have higher interest rates on debt, which cuts further into their potential savings.”
–Redfin Senior Economist Sheharyar Bokhari.
The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.
Offices of the Mortgage Bankers Association will be closed this Monday, Sept. 5 in observance of the Labor Day holiday. MBA NewsLink will not publish on Monday.
While the Fed may influence mortgage rates, it is ultimately lenders and investors who decide what rate to offer based on market conditions and other factors.
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Ellen Comeaux is Senior Vice President and Commercial Division Leader with TIAA Bank, Jacksonville, Fla.
With inflation currently at 9.1% and interest rates expected to rise further, reverse mortgages could help senior borrowers with funds for living in place.
Designing the future beyond the current downturn requires a comprehensive examination of what is necessary across digital financial actions—by the consumer, by the investor, by the regulators, and by rising non-traditional competitors. Traditional strategy encased by technology is the norm—but moving forward has this prescription lost its efficacy? Will we adapt—or will we die?
The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.
mPowering You: MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 22 in Nashville, Tenn., ahead of the MBA Annual Convention & Expo.
