Mortgage rates have remained relatively stable in the past few days amid political turbulence, as the U.S. Congress has struggled to pass proposals to fund the government and end the shutdown, now in its seventh day. On Tuesday, HousingWire’s Mortgage Rates Center, which tracks locked loans, showed that 30-year conforming loan locks averaged 6.38%—four basis […]
Mortgage rates hold steady as shutdown enters seventh day Read More »
A bipartisan group of lawmakers has introduced legislation aimed at repurposing vacant buildings into affordable housing. Reps. Sam Liccardo (D-Calif.), Maria Salazar (R-Fla.), Johnny Olszewski (D-Md.) and Brian Fitzpatrick (R-Pa.) announced the Revitalizing Empty Structures Into Desirable Environments (RESIDE) Act — which would create a pilot grant program for communities to rehabilitate empty offices, malls,
Bipartisan RESIDE Act aims to convert vacant spaces into housing Read More »
In a narrow 48-47 vote, the U.S. Senate confirmed economist Stephen Miran to the Federal Reserve Board of Governors on Monday evening ahead of a highly anticipated FOMC meeting. Miran, chairman of the White House Council of Economic Advisers, was approved by the Senate Banking Committee last week with all Republicans voting in favor and
Stephen Miran confirmed as Fed governor ahead of FOMC meeting Read More »
U.S. Sens. Mark R. Warner (D-Va.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) introduced legislation last week that would make it easier for faith-based organizations and colleges to convert unused land into affordable housing. The measure — called the Yes in God’s Back Yard (YIGBY) Act — would direct federal resources to help religious
Bill aims to expand affordable housing on unused religious, college land Read More »
The Homebuyers Privacy Protection Act (H.R. 2808) passed through the U.S. Senate with unanimous consent and without amendments late Saturday. The legislation gained approval from the U.S. House of Representatives earlier in June. The legislation is designed to enact a national prohibition on the misuse of trigger leads. Under this act, companies are prohibited from
Trigger lead ban bill advances to Trump’s desk Read More »
A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing
Senate bill would add unconverted crypto to mortgage underwriting equation Read More »