Mid-Atlantic home sales rose on an annual and monthly basis in June, despite mortgage rates hovering around 6.5% for the entire month, a new industry report found. Processing Content Closed sales increased 7.3% year over year and 11.8% from May to 23,278 last month, while new pending sales jumped 3.9% annually to 22,817, according to […]
Rising inventory — not rates — is moving Mid-Atlantic buyers Read More »
After months of negotiations accompanied by back-and-forth political drama in the final few weeks, the bipartisan 21st Century ROAD to Housing Act officially became law Saturday. Processing Content The subdued welcome at the stroke of midnight arrived after President Trump abruptly canceled a signing ceremony weeks earlier in protest of Senate inaction on his priorities.
ROAD Act’s fine print: What lenders should watch Read More »
Federal Reserve Gov. Christopher WallerBloomberg News Processing Content Key insight: A top official on the Federal Open Market Committee said he will be ready to support rate hikes in the “near term” if inflation measures continue to rise. Expert quote: “When inflation is well above its target and the labor market is near full employment
Fed’s Waller ‘concerned’ about rising inflation Read More »