Source: CNN Business — New YorkCNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” Bank of America (BAC) CEO Brian Moynihan said in...
Source: Yahoo! — Jeremy Siegel, a professor at Wharton, predicts that the housing market will see negative growth as a result of future Federal Reserve interest rate increases that will raise mortgage rates even further. Due to the average rate for a 30-year...
Source: Forbes — Key takeaways Many industry leaders, including Goldman Sachs, have altered their predictions for the housing market since early Fall 2022. While mortgage rates have dropped over the past several weeks, they’re not likely low enough to impact...
Source: The Real Deal — One of the biggest reasons affordable housing isn’t available in the most expensive cities in the U.S. is because those localities aren’t permitting enough homes to be built in them, the Atlantic reports. Some areas have allowed housing...
Source: Mortgage Orb — A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly Applications Survey, applications for refinances increased 2%...
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
Former Arizona Shopping Center Site to Become Affordable Housing Complex
