US mortgage rates increased last week to an almost two-month high, weighing on home purchase activity. Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.56% in the week ended May 15, according to Mortgage Bankers Association data released Wednesday, just shy of the 6.57% reading at the end of […]
Mortgage rates rose last week to an almost two-month high Read More »
You may have seen the headlines lately about mortgage debt in America hitting a record high. And maybe your brother-in-law brought it up at the dinner table like he’s been waiting all week to spark a debate. Here’s the thing. He’s not wrong. But he only has half the story. And the half he’s missing?
Record High Mortgage Debt Sounds Scary. Here’s What the Headlines Leave Out. Read More »
Key insight: The full House is expected to vote tomorrow on updated housing bill text that softens a ban on institutional investors owning some homes, removing a requirement that build-to-rent investors sell those properties within seven years. What’s at stake: The House version also includes community bank provisions that would ease rules around brokered and
House will vote Wednesday on newest version of housing bill Read More »