Top Headlines
Winthrop Watson to Step Down as FHLBank Pittsburgh’s Chief Executive
Chief Operating Officer David G. Paulson will succeed Watson on Dec. 31. Continue Reading Winthrop Watson to Step Down as FHLBank Pittsburgh’s Chief Executive
The Greenest State Is…
Texas was ranked last due to high levels of water contamination and low recycling rates. Continue Reading The Greenest State Is…
Bryan Cranston Lists NYC Apartment for $3.5 Million
“Sometimes you just have to recognize when it’s time to move on,” said Cranston about the listing. Continue Reading Bryan Cranston Lists NYC Apartment for $3.5 Million
Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan
This plan shuts down efforts by WeWork co-founder and former chief executive Adam Neumann to regain control of the company. Continue Reading Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan
A Phil Hall Op-Ed: Another Postage Rate Hike?
Editor Phil Hall considers why the U.S. Postal Service is enacting its second postage rate hike of the year. Continue Reading A Phil Hall Op-Ed: Another Postage Rate Hike?
A 3% Mortgage? Leveraging Your Stocks to Buy a Home
Source: Bloomberg --- There may be signs the overheated housing market is cooling, but many buyers still feel like it’s near-impossible to get a house without an all-cash offer, or something close to it. One way to get your hands on that amount of cash is to borrow...
Rates Plummet to 3 Week Lows. Has The Corner Been Turned?
Source: Mortgage News Daily --- Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable exception. To understand why this is happening, we first need to consider that higher...
Rates Lowest in More Than a Week After Inflation Data
Source: Mortgage News Daily --- Inflation is the enemy of low interest rates. As such, the mortgage market was waiting patiently for this week's key inflation report released this morning. Thankfully, it showed inflation was running a bit cooler than expected. ...
Homeownership Could Be in Reach with Down Payment Assistance Programs
Source: Keeping Current Matters --- A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home....
Latest mortgage news: After flirting with 6%, rates retreat
Source: Bankrate --- In a reversal from the rapid rise in recent weeks, the average rate on 30-year mortgages dipped to 5.85 percent this week from 5.91 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised...
Worst Housing Affordability” since 1991 excluding Bubble; Real House Prices and Price-to-Rent Ratio in April
Source: Calculated Risk Blog --- I’ve put together my own affordability index - since 1976 - that is similar to the FirstAm approach (more of a house price index adjusted by mortgage rates and the median household income). I used median income from the Census...
What Is a 10-Year Adjustable-Rate Mortgage?
Source: Nerdwallet --- A 10-year adjustable-rate mortgage offers a fixed rate for the first 10 years of the loan. After that, the interest rate resets every six months. Many homeowners opt to refinance or sell their property before the rate starts to change. So why...
Divorce and your mortgage: Here’s what to know
Source: Bankrate --- One of the biggest decisions divorcing couples face is what to do with the marital home. If the breakup is acrimonious, trying to agree on the house and the mortgage can be a nightmare. The options for divorcing couples depend on a number of...
Home Prices Still Surging, But Today’s Data is For April
Source: Mortgage News Daily --- It's one of the perennial "yeah buts" of the two largest and most widely-cited home price indices: there data is always about 2 months old by the time it comes out. This is the nature of home price reporting. It doesn't mean the data...
Metros with the most mortgage-burdened homeowners
Source: Fox 5 --- Roughly half of all Americans agree a lack of affordable housing in their city is a major problem, according to a 2021 Pew Research Center survey. Pew also found a proportion of Americans concerned about dwindling housing affordability has grown in...
