FOMC Cuts Rate 25 Basis Points; MBA Economist Weighs In
The Federal Reserve’s Federal Open Markets Committee cut the federal funds rate target by 25 basis points Oct. 29.
Redfin: 29% of Home Purchases Are Made in Cash
Just under three in 10 U.S. homebuyers paid in all cash in August, down insignificantly from 29% a year earlier, according to Redfin, Seattle.
Pending Home Sales Stabilize in September
Pending home sales showed no change from the prior month in September and fell 0.9% year over year, the National Association of Realtors reported Wednesday.
New MBA Webinar Series Explores How to Leverage Rental Payment History Into the Underwriting Process
In April, MBA published Leveraging Rental Payment History to Approve More First-Time Homebuyers, which focuses on increasing lender adoption of rental payment history. Now, MBA encourages members to join a discussion about the benefits of incorporating rental payment history into the underwriting process via a series of webinars.






