Key insight: The House is poised to pass a housing affordability package with wide bipartisan margins. What’s at stake: The House bill contains a number of community bank provisions that are absent from the Senate version of the bill. Forward look: Warren’s opposition to those riders will make passage in the upper chamber more challenging, […]
Housing bill passes House with community bank riders Read More »
The past 2 weeks have seen very little volatility for mortgage rates. After being near 6% for a week in early January, rates rose abruptly to 6.21% (avg top tier 30yr fixed) on January 20th in response to geopolitical drama. They’ve generally descended since then, but in slow, measured steps. Today’s result was actually a
Mortgage Rates Roughly Flat to Start The Week Read More »
A group of eight Republican senators is again urging the Federal Emergency Management Agency to scrap Risk Rating 2.0, the flood insurance pricing overhaul implemented under the Biden administration. The request comes in a new letter led by Sen. Bill Cassidy of Louisiana, following a similar appeal he sent to FEMA last June. Processing Content
GOP senators push FEMA to scrap Risk Rating 2.0 Read More »