Downward trend in mortgage rates not enough to spur homebuyers
Requests to refinance are up 40% from a year ago, but uncertainty 'continues to hold homebuyers out of the market,' Mortage Bankers Association economist Joel Kan said Wednesday
by Matt Carter Jul 2
FHFA Director Pulte calls on Congress to investigate Fed Chair Jerome Powell
Bill Pulte made his pitch in a statement on Wednesday. The FHFA director and President Donald Trump have been trying to pressure Powell to resign amid high interest rates
by Taylor Anderson Jul 2
Yes, it's a 'big, beautiful bill'  — for the real estate industry at least
Housing trade groups — including NAR, MBA and NAHB — like tax breaks for homebuyers and businesses, and urge lawmakers to put the bill on Trump's desk
by Matt Carter Jul 2
Home for sale sign, with sale pending
Hopes that home sales will pick up may hinge more on additional inventory coming onto the market, which is expected to cool or reverse home price gains, economists say
by Matt Carter Jul 1
Trump administration relaxes FHA flood risk, appraisal requirements
Recission of a dozen regulatory policies aimed at 'slashing red tape that drives up costs and shuts families out of the market' is effective immediately, HUD Secretary Scott Turner said
by Matt Carter Jun 27
Fed expected to resist pressure from Trump for July rate cut
As Federal Reserve policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90%, up from 64% a week ago
by Matt Carter Jun 25
So far, the conflict with Iran hasn’t nudged the US housing market. But could it?
Economists typically keep their eyes out for 3 key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here's what they are
by Taylor Anderson Jun 25
NAR says lower mortgage rates could help boost sluggish sales. When might that happen?
Amid fighting over the federal funds rate, NAR says home sales were 0.7% lower in May than a year ago as inventory rose to a 4.6-month supply
by Taylor Anderson Jun 23
Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices
The chair of the Federal Housing Finance Agency, Fannie and Freddie has spent the past day calling on Powell to step down, saying he’s responsible for high home prices
by Taylor Anderson Jun 20
Trump looks to South Korea to bring down mortgage rates
Overseas investors hold about $1.36T in US mortgage debt, with Japan, China, Taiwan and Canada accounting for 61% of that total. South Korea ranks 10th with $36.5B invested
by Matt Carter Jun 13
Rising inventories have more homebuyers going to their lender
Purchase loan applications soared 10% last week to the highest level since April, even though rates have been stuck in the high 6s, the Mortgage Bankers Association reported Wednesday
by Matt Carter Jun 11
CFPB enforcement chief resigns, saying mission 'under attack'
The Trump administration is seeking to cut 90% of the CFPB's workforce, and has dismissed about 20 active enforcement cases and moved to vacate or weaken several finalized settlements
by Matt Carter Jun 11
Consumer sentiment about housing market rebounds
While just 26% of Americans said May was a good time to buy, that's up from 23% in April and 14% a year ago, an all-time survey low in Fannie Mae National Housing Survey
by Matt Carter Jun 9
Senate Dems ask Pulte to put Fannie, Freddie revamp on hold
Lawmakers want assurances that privatizing the mortgage giants or taking them public won't drive mortgage rates up, or put investor profits 'over the homes of millions of Americans'
by Matt Carter Jun 6
Dip in mortgage rates doesn't do much to excite homebuyers
While purchase loan demand was still up 18% last week from a year ago, some of that demand may not translate into sales after unusual bump in cancelled purchase contracts
by Matt Carter Jun 4