The Consumer Financial Protection Bureau yesterday formally delayed the mandatory compliance date of its General Qualified Mortgage final rule to October 1, 2022.
Mortgage applications fell from one week earlier amid a volatile spring home buying season, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 23.
Home price appreciation continued to accelerate at a double-digit percentage pace, with gains at historical levels, according to the S&P CoreLogic Case-Shiller Indices.
The inventory crunch bedeviling home searchers could start to turn around as record appreciation of home values entices more owners to sell, reported Zillow, Seattle.
The Conference Board, New York, said its Consumer Confidence Index rose sharply again in April, following a substantial gain in March, to its highest level since February 2020.