Tag Archives: mortgage bankers association

Yes, it’s a ‘big, beautiful bill’ — for the real estate industry at least

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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 Continue reading →

Mortgage rates are coming down. Does the trend have any legs?

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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. Continue reading →

Fed expected to resist pressure from Trump for July rate cut

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As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading →

Some markets look vulnerable as home price appreciation cools

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Experts polled by Fannie Mae expect national home prices to keep climbing, but see Austin, Tampa, Dallas, Denver, Houston, Miami and Phoenix as markets most likely to see price declines. Continue reading →

Senate confirms HUD deputy secretary in 51-43 vote

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The Senate confirmed Department of Housing and Urban Development Chief of Staff Andrew Hughes as the department’s deputy secretary. Hughes also worked under former Secretary Ben Carson. Continue reading →

Rising inventories have more homebuyers going to their lender

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Purchase loan applications soared 10 percent last week to the highest level since April, even though rates have been stuck in the high sixes, the Mortgage Bankers Association reported Wednesday. Continue reading →

Consumer sentiment about housing market rebounds

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While just 26 percent of Americans said May was a good time to buy, that’s up from 23 percent in April and 14 percent a year ago, an all-time low in Fannie Mae survey. Continue reading →

Job market is cooling, but not fast enough to alarm Fed policymakers

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An estimated 7.24 million Americans were unemployed in May, as hiring by private employers slowed and the federal government continued to shrink its payroll. Continue reading →

Senate Dems ask Pulte to put Fannie, Freddie revamp on hold

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Lawmakers want assurances that privatizing the mortgage giants or taking them public won’t drive mortgage rates up, and put investor profits “over the homes of millions of Americans.” Continue reading →

Dip in mortgage rates doesn’t do much to excite homebuyers

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While purchase loan demand was still up 18 percent last week from a year ago, some of that demand may not translate into sales, with Redfin reporting an unusual bump in cancelled purchase contracts. Continue reading →