The Senate this week passed a massive infrastructure package. How to pay for it remains a sticking point; the Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, wants to make sure lawmakers preserve key tax provisions that enable the real estate finance industry to support their customers.
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are "quickly evaporating" as home prices and rents rise faster than incomes, said Zillow, Seattle.
Initial claims for unemployment insurance continued to drop even as employers say they have problems filling key service industry positions, the Labor Department reported Thursday.
Commercial real estate investment has rebounded to pre-pandemic levels as vaccine rollouts and signs of economic recovery lure investors back into the market, analysts reported this week.
Mortgage credit availability increased slightly in July after a big drop in June, the Mortgage Bankers Association reported Thursday.
Commercial and multifamily mortgage loan originations jumped by 106 percent in the second quarter from a year ago and increased by 66 percent from the first quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.