CNN, July 1, 2024–Samantha DelouyaAccording to data from Intercontinental Exchange, 1.7 million homeowners have bought homes with adjustable-rate mortgages since 2019. Many buyers who bought 5-year ARMs – one of …
Category: Top National News
Home Equity Issuance Reaches New High, WACs Diverge
Home Equity Lending News, July 1, 2024Quarterly issuance of home-equity products reached the highest level in at least five years and likely since the Great Financial Crisis. While coupons on …
Maturing Loans Drive Up CMBS Delinquency Rate – KBRA
MPA, July 1, 2024-Candyd MendozaThe commercial real estate market faced another challenging month, as delinquencies in commercial mortgage-backed securities (CMBS) continued to rise in June.Click here for more
As Millions Struggle With Home Prices, Housing Becomes a Top Issue for Voters
NPR, June 24, 2024-Jennifer LuddenMelissa Williams says she did everything right. She has a college degree, a decent income working in accounting and no debt.Click here for more (subscription)
U.S. Labor Market, Housing Data Point to Slowing Economy
Reuters, June 20, 2024-Lucia Mutikani and Lindsay DunsmuirFirst-time applications for U.S. unemployment benefits fell moderately last week, while new housing construction dropped to the lowest level in nearly four years …
Some Homebuyers are Beating High Interest Rates With 1980s-era Assumable Mortgages
Star Tribune (Minneapolis), June 20, 2024–Jim Buchta“It was like winning the lottery,” said a Twin Cities buyer who assumed a 2.25% mortgage rate that saves her $700 a monthClick here for …
18 Million Americans Are House Poor, New Study Shows
CBS News, June 18, 2024-Kristopher J. BrooksMore than 18 million Americans are living in homes that stretch their budgets far beyond what’s considered financially healthy.Click here for more
Florida Homeowners Hit With Housing Market Double Whammy
Newsweek, June 21, 2024–Omar MohammedFlorida’s housing market is currently facing two key challenges—homes for sale that are staying in the market longer and buyers showing reluctance to enter a market …
These Cities Are Now So Expensive They’re Considered ‘Impossibly Unaffordable’
CNN, June 14, 2024–Hilary WhitemanAnyone with half an eye on the housing market over the last two decades will know that in many countries, not least the United States, it’s …
A Record Number of Homeowners Have No Mortgage. Here’s How it’s Shifting the Housing Market
Fast Company magazine, June 14, 2024–Meghan MalasNot only is 96% of mortgage debt in the U.S. fixed rate, but 38.5% of homeowners don’t have a mortgage at all.Click here for more