15 May 2024
EMBATTLED regional lender New York Community Bancorp (NYCB) said on Tuesday (May 14) it has agreed to sell about US$5 billion in mortgage warehouse loans to JPMorgan Chase. The deal bolsters NYCB’s liquidity and capital as it executes a crucial turnaround to return to profitability over the next two years. NYCB expects the transaction will […]
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15 May 2024
According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.50%. This means they’re about the same as 7.50% last week. Last month, rates were at 7.67%, putting today’s rates significantly lower and up from 7.01% last year. The 30-year fixed-rate average today is 1.63 percentage points below the 52-week high of 9.13% […]
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15 May 2024
WASHINGTON (AP) — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Consumer prices rose 0.3% from March to April, the Labor Department said Wednesday, […]
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14 May 2024
The latest figures from the Federal Reserve Bank of New York demonstrated that during the first quarter, both household debts and late payments increased. In particular, credit card debts in severe delinquency (90 days or more overdue) reached their highest point since 2012. Joelle Scally, the regional economic principal at the New York Fed’s Household […]
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14 May 2024
COLORADO SPRINGS, Colo. (KRDO) – Help is available for Coloradans who’ve fallen behind on rent thanks to a grant looking to help renters statewide. The grant will go towards people who’ve fallen behind on rent or are at risk of being evicted. Pre-applications started on May 15 at 10 a.m. People who are already facing eviction […]
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14 May 2024
Today’s 30-year fixed mortgage rate is 7.50% which is about the same as last week’s 7.50%, according to data from Curinos. This is a decrease from last month’s 7.67%. Last year around the same time, 30-year fixed rates were 7.01%, which makes today’s rate higher than it was a year ago. At the current 30-year […]
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09 May 2024
WASHINGTON, May 9 (Reuters) – U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the housing market. The average rate on the popular 30-year fixed-rate mortgage was down to 7.09% as of May […]
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09 May 2024
IRVINE, Calif. — May 9, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its first-quarter 2024 U.S. Home Equity & Underwater Report, which shows that 45.8 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of […]
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09 May 2024
Today’s 30-year fixed mortgage rate is 7.56% which is slightly higher than last week’s 7.53%, according to data from Curinos. This is an increase from last month’s 7.39%. Last year around the same time, 30-year fixed rates were 6.92%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]
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08 May 2024
US mortgage rates fell for the first time since late March, giving some relief to homebuyers and lifting applications for purchases and refinancing. The contract rate on a 30-year fixed mortgage fell 11 basis points in the week ended May 3 to 7.18%, according to Mortgage Bankers Association data released Wednesday. It marks the first drop following […]
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08 May 2024
According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.53%. This means they’re about the same as 7.53% last week. Last month, rates were at 7.39%, putting today’s rates higher and up from 7.02% last year. The 30-year fixed-rate average today is 1.60 percentage points below the 52-week high of 9.13% and […]
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08 May 2024
igh interest rates are showing signs of working to bring down price pressures, but the data still isn’t painting a clear enough picture yet for the Federal Reserve to make a change to interest rates, said Boston Federal Reserve President Susan M. Collins Wednesday. “I do remain optimistic that this can be accomplished in a […]
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07 May 2024
The U.S. housing market continues to present a complex picture, with recent data from ATTOM, a leading real estate data provider, revealing a slight uptick in foreclosure activity in the first quarter of 2024. While the numbers suggest a market in transition, there are nuances that paint a more detailed picture. ATTOM’s report indicates a […]
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07 May 2024
RICHMOND, VIRGINIA, USA, May 7, 2024 /EINPresswire.com/ — The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) generated 0.29% total return for 1Q 2024. Quarterly Performance Coupon income from G-L 1 loans produced 1.12% for the quarter, while the index’s capital value declined 0.83%. (The sum of income and capital value equals total return.) To […]
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07 May 2024
Today’s 30-year fixed mortgage rate is 7.55% which is slightly higher than last week’s 7.54%, according to data from Curinos. This is an increase from last month’s 7.39%. Last year around the same time, 30-year fixed rates were 7.02%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]
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06 May 2024
The landscape of US mortgage rates is a dynamic and ever-evolving arena, influenced by a myriad of economic factors and policy decisions. As we look ahead to the next five years, potential homebuyers and current homeowners are keenly interested in how these rates might fluctuate, impacting affordability and the housing market at large. Recent analyses and expert forecasts suggest a period of […]
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06 May 2024
Americans are once again bracing for another round of higher housing costs, the New York Federal Reserve said on Monday. As part of its latest Survey of Consumer Expectations, the regional Fed bank found that respondents see higher near-term increases for both rent and home prices, although they do see some relief over the longer […]
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06 May 2024
Bloomberg) — US renters are more pessimistic about their ability to ever own a home and households’ expectations of home-price growth has reaccelerated after falling last year, a new Federal Reserve Bank of New York survey showed. Amid elevated prices, high mortgage rates and difficulty saving money for a down payment, only about four in […]
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02 May 2024
WASHINGTON — Doctors on Thursday urged Congress to pass legislation addressing the disproportionately high rates of maternal mortality throughout the country and to lower barriers that have hindered people of color from becoming medical professionals. During a hearing in the U.S. Senate’s Health, Education, Labor and Pensions Committee, a panel of five medical professionals detailed […]
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02 May 2024
LOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said […]
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02 May 2024
Today’s 30-year fixed mortgage rate is 7.75% which is higher than last week’s 7.65%, according to data from Curinos. This is an increase from last month’s 7.37%. Last year around the same time, 30-year fixed rates were 5.95%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed […]
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01 May 2024
WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing shortage. The Commerce Department’s Census Bureau said on Wednesday that construction spending slipped 0.2% after being unchanged in February. Economists polled by Reuters had forecast construction spending gaining […]
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