National Mortgage News, September 26, 2024–Brad FinkelsteinLikely looking to offset the rising costs of climate change, the nation’s 13 largest homeowners insurers denied 47.5% of their claims last year, compared …
Category: Top National News
Mortgage Refinancing Likely to Quicken End of Fed’s QT
The Wall Street Journal, Sept. 30, 2024Increasing U.S. mortgage refinancing could accelerate the end of the Federal Reserve’s quantitative tightening, Deutsche Bank economists say in a note.Click here for more (subscription)
Assumable Mortgages Give Buyers a Second Chance at Low Rates
Marketplace, Sept. 23, 2024-Amy ScottAssumable mortgages were popular back in the early 1980s when mortgage interest rates shot up as high as 18%. They fell out of favor when rates …
Homebuyers: Here Are Your Do’s And Don’ts For a Smooth Transaction
Orange County Register, September 26, 2024–Jeff LazersonNavigating a home loan can be treacherous, so today I’ll share some best practices and gotcha’s for the borrower. First, let’s start with the …
Mortgage Foreclosure, Forbearance Data Now Available in FHFA’s New Dashboard
MPA, Sept. 30, 2024-Candyd MendozaThe Federal Housing Finance Agency (FHFA) has released updated data from its National Mortgage Database (NMDB®) on residential mortgage performance through the second quarter of 2024, …
To Expand Housing Counseling Services, HUD Taps Zillow
HousingWire, Sept. 17, 2024-Chris ClowThe federal government is launching a campaign on Zillow to help provide housing counseling services to more Americans.Click here for more (subscription)
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
The New York Times, Sept. 19, 2024-Danielle KayeMortgage rates dropped again this week, extending a monthslong decline fueled by expectations of a cut in interest rates by the Federal Reserve, …
A New Housing Plan Wants to Give Middle-Class Americans the Kind of Support Typically Reserved for Low-Income Households
Business Insider, Sept. 19, 2024-Eliza Relman and Juliana KaplanRep. Alexandria Ocasio-Cortez, a New York Democrat, and Sen. Tina Smith, a Minnesota Democrat, on Wednesday introduced legislation in the House and …
Don’t Expect 3% Mortgage Rates, Even With Fed Cuts
The Wall Street Journal, Sept. 18, 2024-Gina Heeb and Nicole FriedmanThe era of ultralow mortgage rates in the U.S. is unlikely to return anytime soon, even as the Fed cuts …
Mortgage Rates Are Coming Down — and Home Buyers Are Ready to Pounce
The Washington Post, Sept. 19, 2024-Abha Bhattarai and Rachel SiegelFor Americans mulling a home purchase, this week’s interest rate cut meant just one thing: It’s time to get back in …