The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) released a new report detailing what it says are the top management challenges for the department in... Read more »
Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower,... Read more »
The Federal Reserve’s 50 basis-point interest rate cut in September is already making an impact on housing markets across the country. But high mortgage rates and affordability challenges put a damper on... Read more »
NAR Chief Economist Lawrence Yun issued the following statement on today’s jobs report data: “Mortgage rates are plunging on the news of weak job growth and rising unemployment. The 4.3% unemployment rate... Read more »
In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. The wholesale lender said it’s offering legal support to... Read more »
The Consumer Financial Protection Bureau (CFPB) on Friday issued a report indicating that it is taking a closer look at the impact of “discount points” on mortgage transactions, noting that use of... Read more »
The 10-year yield has had a wild ride today, but now is an excellent time to look at my macro take on the labor market and explain what the Fed is looking... Read more »
Mortgage rates remained stable this week as the personal consumption expenditures (PCE) inflation report matched economists’ expectations. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional... Read more »
The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by... Read more »
Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate... Read more »