Top Headlines
Housing Voucher Scam Targets Michigan Residents
There are currently no housing choice voucher waiting lists open in Michigan. Continue Reading Housing Voucher Scam Targets Michigan Residents
Guest Opinion: The Impact of AI on Financial Stability
Acting Comptroller of the Currency Michael J. Hsu details the financial stability challenges created by artificial intelligence. Continue Reading Guest Opinion: The Impact of AI on Financial Stability
Sen. Fetterman: ‘Squatters Have No Rights’
“I am not woke,” said the Pennsylvania Democrat. Continue Reading Sen. Fetterman: ‘Squatters Have No Rights’
Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR
The court determined the DOJ can restart its probe into NAR’s Participation Rule and Clear Cooperation Policy. Continue Reading Appeals Court Rules Justice Dept. Can Reopen Probe Into NAR
Fed Governor Says Rate Hike Possible if Inflation Stays High
“We may need to increase the policy rate further should progress on inflation stall or even reverse,” said Michelle Bowman. Continue Reading Fed Governor Says Rate Hike Possible if Inflation Stays High
‘The Pandemic Boom in Home Sales Is Over’: Mortgage Rates Soar to Highest Level Since 2009 as the Fed Pressures the Housing Market
Source: Realtor.com --- Mortgage rates are skyrocketing thanks to the Fed, but buyers who can tough out this difficult, changing market will be rewarded. The 30-year fixed-rate mortgage averaged 5.27% for the week ending May 5, according to data released by Freddie...
Mortgage Rates Fall Slightly, Economic Data In Line With Expectations
Source: Zillow --- Economic data releases last week were largely in line with expectations, with GDP declining slightly in the first quarter, price indicators showing continued inflation and jobless claims highlighting continued tightness in labor markets. New home...
Here’s what the Fed’s half-point rate hike means for your money
Source: CNBC --- The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg McBride,...
Fed hikes benchmark interest rate by another 50 basis points
Source: Scotsman Guide --- The Federal Reserve has raised benchmark interest rates by 0.5 of a percentage point, the largest such increase in 22 years. The central bank announced the hike after the Wednesday meeting of its Federal Open Market Committee (FOMC) as the...
U.S. Home Price Growth Exceeds 20 Percent Annually in March
Source: World Property Journal --- According to CoreLogic's latest CoreLogic Home Price Index and Forecast for March 2022, U.S. home prices continued to post significant year-over-year gains in March 2022, up by 20.9%, another record high. Even with the past year's...
Opinion: Former Freddie Mac CEO lashes out at mortgage lenders
Source: Housing Wire --- Don Layton, the former CEO of Freddie Mac recently penned what can only be described as an attack piece on mortgage originators from his seat as a fellow at the JCHS, Harvard’s Joint Center For Housing Studies. But what Mr. Layton has done is...
Mortgage Rates Started Higher, But Improved After Fed Announcement
Source: Mortgage News Daily --- Today brought the much-anticipated policy announcement from the Federal Reserve. Many people mistakenly believe that the Fed's present day decisions to hike/cut its policy rate (the "Fed Funds Rate") are important to financial markets,...
Fed raises interest rates by 0.50%, largest move since 2000
Source: Yahoo Finance --- The Federal Reserve on Wednesday raised short-term interest rates by 0.50%, as part of an effort to tamp down the inflationary pressures weighing on Americans. The central bank suggested that it will further raise borrowing costs throughout...
How and Why to Refinance Your Mortgage
Source: Nerdwallet --- Definition of mortgage refinance A mortgage refinance replaces your current home loan with a new one. Often people refinance to reduce the interest rate, cut monthly payments or tap into their home’s equity. Others refinance a home to pay off...
Home Buyers Are Finding Ways to Take the Sting Out of Rising Mortgage Rates
Source: Realtor.com --- Mortgage rates are at their highest level in more than a decade. Home buyers are fighting back. More borrowers are paying fees to cut their interest rates and making higher down payments to lower the amount they have to finance, lenders and...
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