Federal Reserve Enacts Second Consecutive Rate Cut
The Federal Reserve enacted its second consecutive rate cut, with a 25-basis point drop that brings the federal funds rate range to 4.5% to 4.75%. The unanimous decision by the central bank’s Federal Open Market Committee follows the September decision for a 50-basis...
Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae (OTCQB: FNMA), Freddie Mac (OTCQB: FMCC), and the Federal Home Loan Banks (FHLBanks) to expand awareness and liquidity for homeownership across tribal communities....
California Housing Affordability Improved Slightly in Q3
Only 16% of the California’s homebuyers could afford to purchase a median-priced, existing single-family home during the third quarter. But according to the California Association of Realtors’ (CAR) Traditional Housing Affordability Index, this is a mild...
Mortgage Rates Up for Sixth Straight Week
Mortgage rates were up for the sixth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.79% as of Nov. 7, up from last week when it averaged 6.72%. A year ago at this...
NAR: Nearly 90% of Metro Markets Saw Q3 Home Price Gains
Roughly 90% of metro markets (196 out of 226, or 87%) recorded home price gains during the third quarter, with 7% of these metros recording double-digit gains, according to the National Association of Realtors (NAR). Compared to one year ago, the national median...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
