The Lede
Top National News
Zillow Predicts 5.8 Percent Mortgage Rate in 2019
National Mortgage Professional, Nov. 28, 2018--Phil HallNext year will be marked by increasing mortgage rates and decreasing affordable homeownership opportunities, according to a new forecast from Zillow.
Full Story
Weekly Mortgage Applications Rise 5.5% as Homebuyers Edge Back In
CNBC, Nov. 28, 2018--Diana OlickTotal mortgage application volume increased 5.5 percent last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was still 16 percent lower than a year ago.
Full Story
FHFA: House Prices Increase 1.3%
The Mortgage Leader, Nov. 28, 2018House prices rose 1.3 percent in the third quarter of 2018, according to the Federal Housing Finance Agency House Price Index. House prices rose 6.3 percent from third quarter 2018 to third quarter 2017.
Full Story
Freddie Mac Reveals ‘Biggest Unknown’ for Housing in 2019
HousingWire, Nov. 28, 2018--Kelsey RamirezThe biggest unknown for housing in 2019 are the current negative trends, according to Freddie Mac's forecast. These trends include lack of housing supply, and whether that will persist and/or rising interest rates and if the market will adjust to the shock and resume its modest growth.
Full Story
U.S. Third-Quarter Growth Unrevised, Headwinds Increasing
Reuters, Nov. 28, 2018--Lucia MutikaniThe U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration's 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter.
Full Story
Corelogic: California’s Wildfire Cost Estimated $15B-$19B
The Mortgage Leader, Nov. 29, 2018According to the analysis, losses from the Camp Fire, the most destructive wildfire in the state's history, are estimated to be between $11 billion and $13 billion. In addition, losses from the Woolsey Fire in Southern California are estimated to be an additional $4 billion to $6 billion.
Full Story
Mortgage Bankers Association Expects More Millennials to Buy Houses
CNBC, Nov. 29, 2018Bob Broeksmit, Mortgage Bankers Association President and CEO, joins 'Squawk Box' to discuss the latest MBA housing forecast.
Full Story