The European Central Bank (ECB) announced its fifth rate cut since June with the lowering of three interest rates by 25 basis points. The rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.75%, 2.90%...
Nearly half (47.7%) of mortgaged residential properties were considered equity-rich in the fourth quarter of 2024, according to data from ATTOM. That level is slightly lower from the 48.3% in the third quarter and from a recent peak of 49.2% in the second quarter –...
A Pennsylvania museum focused on a historic flood was forced to close indefinitely because its building was flooded. WJAC.com reports the Johnstown Flood Museum experienced a valve failure on the building’s third floor, with water pouring through the walls. The...
President Trump resumed his public dissatisfaction with Federal Reserve Chairman Jerome Powell after yesterday’s decision by the central bank not to lower the federal funds rate. In a posting on Truth Social, Trump declared, “Because Jay Powell and the Fed failed to...
The nonprofit Realtors Relief Foundation (RRF) has provided a $1 million grant to the California Association of Realtors for disaster relief support of the families impacted by recent Los Angeles County wildfires. All donations to RRF made through Feb. 7 will go...
Existing-Home Sales Rise 1.5% in September, but Mortgage Rates Threaten Reb…
Non-QM Locks Rise as Mortgage Volume Falls; ARM Share Hits Seven-Year High
