Homebuyer affordability was mostly unchanged in June, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May, the Mortgage Bankers Association’s Purchase Applications Payment Index reported.
Category: News and Trends
FOMC Raises Federal Funds Rate 75 Basis Points
The Federal Open Market Committee hiked the federal funds rate by 75 basis points on Wednesday, matching its 75 basis point increase in June.
Pending Home Sales Fall 8.6%
Pending home sales decreased in June following a slight increase in May, the National Association of Realtors reported.
Rhonda McGill of PerformLine: Mortgage Industry Compliance Concerns, Best Practices
Rhonda McGill is Senior Director of Client Solutions with PerformLine, Morristown, N.J.
Consumer Confidence Declines Moderately
Consumer confidence decreased in July, following a larger decline in June, The Conference Board reported.
Polly CEO Adam Carmel: ‘Agility is the Name of the Game’
Adam Carmel is Founder and CEO of Polly.
Gross Domestic Product Contracts at 0.9% Pace
Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter–the second consecutive quarter with a decline–the Bureau of Economic Analysis said Thursday.
MBA: Mortgage Application Payments Hold Steady Despite Higher Rates
Homebuyer affordability was mostly unchanged in June, with the national median payment applied for by applicants down slightly to $1,893 from $1,897 in May, the Mortgage Bankers Association’s Purchase Applications Payment Index reported.
Dealmaker: The Boulder Group Arranges $20M Grocery Property Sale
Net leased investment brokerage form The Boulder Group, Wilmette, Ill., sold a single-tenant net leased Pick ‘n Save property in Milwaukee, Wis. for $20 million.
NAMMBA Presents CONNECT 2022 in Orlando Sept. 15-17
NAMMBA, the National Association of Minority Mortgage Bankers of America, holds its annual CONNECT 2022 Conference Sept. 15-17 at the JW Marriott Bonnet Creek Resort & Spa.