Tag Archives: trump

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 →

Trump administration relaxes FHA flood risk, appraisal requirements

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Recission of a dozen regulatory policies is aimed at “slashing red tape that drives up costs and shuts families out of the market,” HUD Secretary Scott Turner said. 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 →

So far, the conflict with Iran hasn’t nudged the US housing market. But could it?

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Economists typically keep their eyes out for three key things when assessing whether a Middle East conflict could weigh on U.S. home sales. Here’s what they are. Continue reading →

NAR says lower mortgage rates could help boost sluggish sales. When might that happen?

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Amid fighting over the federal funds rate, NAR says home sales were 0.7 percent lower in May than a year ago as inventory rose to a 4.6-month supply Continue reading →

Pulte wages war on Fed Chair Jerome Powell, blaming him for high home prices

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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. Continue reading →

Trump looks to South Korea to bring down mortgage rates

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Overseas investors hold about $1.36 trillion in U.S. mortgage debt, with Japan, China, Taiwan and Canada accounting for 61 percent of that total. 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 →

CFPB enforcement chief resigns, saying mission ‘under attack’

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The Trump administration is seeking to cut 90 percent of the CFPB’s workforce, and has dismissesd about 20 active enforcement cases and moved to vacate or weaken several finalized settlements. 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 →