Rising mortgage rates are rattling homebuyers and cooling existing home sales, but remodelers are largely shrugging it off and in some ways, welcoming it. Processing Content “Ongoing positive remodeler sentiment is consistent with the NAHB outlook, given an aging housing stock and the lock-in effect of elevated mortgage rates keeping owners in their homes,” its […]
Why remodelers aren’t panicking about rising rates Read More »
Federal Housing Administration Commissioner Frank Cassidy, who also serves as the FHA’s deputy assistant secretary for single family mortgages, has gone on leave. Processing Content Cassidy’s leave, which is related to “family matters,” began earlier this month and will extend to at least the end of April, according to a Politico Pro report. Ginnie Mae
FHA’s Cassidy on leave, Ginnie Mae’s Gormley filling in Read More »
Sales of previously owned US homes fell in March to the lowest since June, showcasing the challenges facing the housing market as it heads into the key spring selling season. Processing Content Contract closings decreased 3.6% to an annualized 3.98 million, according to National Association of Realtors data out Monday. That was below the median
Existing-home sales fall to nine-month low as prices rise Read More »