The Senate hearing to consider President Trump’s nomination of Kevin Warsh to become the next Federal Reserve chairman has been indefinitely delayed. CNBC, sourcing its coverage from unnamed “people familiar with the matter,” reports the Senate Banking Committee has...
Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI) a report from the Mortgage Bankers Association (MBA). Last month, the MCAI inched up by 1.1% to 108.3; the index was benchmarked to 100 in March 2012. The...
Mortgage rates declined for the first time in six weeks, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. A year ago at...
The White House is claiming that Federal Reserve Chairman Jerome Powell is willing to leave the central bank’s Board of Governors after his term expires, although Powell has never made any public comment to support that notion. In an interview this morning on Fox...
More than one-third (34.2%) of home sellers lowered their listing price during February, according to a new data report from Redfin. This marked the highest February share in records dating back to 2012. One year ago, 31.5% of sellers reduced their prices. Sellers who...
13.9 Million Homes Could Change Hands as Boomer Housing Handoff Accelerates
