Key insight: The CDFI Fund is getting a supplemental application, putting it back on track to receive the funding apportioned by Congress. Look forward: But the Office of Management and Budget hasn’t given a timeline for when those funds will be disbursed, raising fears once again of pocket rescission. What’s at stake: Millions of dollars […]
CDFIs get a reprieve. Sort of. Read More »
Cities with younger, more mobile populations are set to benefit more from sinking mortgage rates, a new Realtor.com report found. More than 80% of existing mortgages have a rate of 6% or lower, meaning as rates approach similar levels, more homeowners will be brought back to the market. This especially is true in metros with
Youthful cities to benefit more by falling mortgage rates Read More »
Home buyers saw hints of easing affordability throughout the summer, as mortgage payment levels dropped month to month, but prices and inventory still prove to be formidable obstacles. The median payment on new mortgage applications in August came in at $2,100, a 1.3% decrease from July. August’s number still clocked in 2.1% higher compared with
Mortgage payment levels see fourth straight monthly drop Read More »