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)
Category: Top National News
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 …
Higher Wire Fraud Insurance Coverage a Sign of the Times
National Mortgage News, Sept. 19, 2024-Brad FinkelsteinCertifid has doubled the amount of insurance coverage provided against wire fraud for each transfer the company verifies, as the funds moved for both …