Real Estate Industry News & Insights
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Helene Update: 121 Dead, Millions Without Power Across Southeast
Florida Gov. Ron DeSantis said power had been restored for 2.32 million customers in his state. Continue Reading Helene Update: 121 Dead, Millions Without Power Across Southeast
FHFA Proposes Rule to Expand Access to Liquidity for the Federal Home Loan Banks
The proposed rule would clarify the terms used by the FHLBanks to determine limits on unsecured credit to counterparties. Continue Reading FHFA Proposes Rule to Expand Access to Liquidity for the Federal Home Loan Banks
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Aurumys Expands Brokerage into Kansas City Market
The office will be led General Manager Khorey Kilgore. Continue Reading Aurumys Expands Brokerage into Kansas City Market
Square Financial Services Launches Grant Initiative for Utah Community Development
Grants will be used to finance affordable housing, small business development and entrepreneurship. Continue Reading Square Financial Services Launches Grant Initiative for Utah Community Development
Sen. Elizabeth Warren Demands 75-Basis-Point Rate Cut from the Fed
“Delay puts too many jobs at risk and threatens our entire economy,” said Warren. Continue Reading Sen. Elizabeth Warren Demands 75-Basis-Point Rate Cut from the Fed
Serious Delinquency Rate Crashes to 17-Year Low
However, early-stage delinquencies (30-days late) increased by 19,000 (+2.2%) from May to 1.65 million. Continue Reading Serious Delinquency Rate Crashes to 17-Year Low
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
“New home purchase activity continues to be a bright spot,” said MBA’s Joel Kan. Continue Reading Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
Freddie Mac Reports Decline in Mortgage Rates
“As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Decline in Mortgage Rates
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
New York Fed Study Finds Rising Level of Loan Application Rejections
The rejection rate for mortgages in June was 13.2%, up from 10% in February. Continue Reading New York Fed Study Finds Rising Level of Loan Application Rejections
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
“The Biden administration is making homeownership more difficult for everyday Americans,” said Sen. Braun. Continue Reading New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
Mortgage Rates Rise to Just Under 7%
“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Rise to Just Under 7%
U.S. Bank Debuts Product to Expand Minority Homeownership Access
U.S. Bank has committed $100 million over the next five years to the Access Home Loan program. Continue Reading U.S. Bank Debuts Product to Expand Minority Homeownership Access
MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Mortgage Rates Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
