News
Mortgage rates decline
6+ day, 12+ hour ago (236+ words) The rate for a 30-year fixed-rate mortgage was 6. 23% this week, down from 6. 3% last week, according to Freddie Mac. A year ago, the rate was 6. 81%. The rate for a 15-year fixed-rate mortgage was 5. 58%, down from 5. 65% last week. A year ago, the…...
Mortgage rates inch down
2+ week, 6+ day ago (203+ words) The rate for a 30-year fixed-rate mortgage was 6. 37% this week, down from 6. 46% last week, according to Freddie Mac. A year ago, the rate was 6. 62%. The rate for a 15-year fixed-rate mortgage was 5. 74%, down from 5. 77% last week. A year ago, the…...
Trump administration proposes slashing CDFI Fund budget
3+ week, 1+ day ago (276+ words) The Trump administration is once again seeking to shrink funding for the Community Development Financial Institutions Fund and redirect the remaining monies to rural communities. The administration previously proposed trimming the CDFI Fund budget by roughly the same amount, but…...
Mortgage rates rise
3+ week, 6+ day ago (241+ words) The rate for a 30-year fixed-rate mortgage was 6. 46% this week, up from 6. 38% last week, according to Freddie Mac. A year ago, the rate was 6. 64%. The rate for a 15-year fixed-rate mortgage was 5. 77%, up from 5. 75% last week. A year ago, the…...
NAHB: Homebuilder confidence inches up in March
1+ mon, 1+ week ago (227+ words) Homebuilder confidence in the market for newly built single-family homes rose one point to 38 in March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index gauging current sales conditions rose one point to 42, the…...
Housing starts increased 7. 2% in January
1+ mon, 2+ week ago (182+ words) Read the Census release The Securities and Exchange Commission and the Commodity Futures Trading Commission announced that they have agreed to coordinate oversight and promote regulatory clarity in areas of common regulatory interest, such as cryptocurrencies. Federal Reserve Vice Chair…...
Mortgage rates hold steady
1+ mon, 3+ week ago (172+ words) ABA Banking Journal Mortgage rates hold steady The rate for a 30-year fixed-rate mortgage was 6% this week, up from 5. 98% last week, according to Freddie Mac. A year ago, the rate was 6. 63%. The rate for a 15-year fixed-rate mortgage was 5. 43%, down…...
Mortgage rates mixed
2+ mon, 3+ day ago (195+ words) The rate for a 30-year fixed-rate mortgage was 5. 98% this week, down from 6. 01% last week, according to Freddie Mac. A year ago, the rate was 6. 76%. The rate for a 15-year fixed-rate mortgage was 5. 44%, up from 5. 35% last week. A year ago, the…...
Housing coalition endorses ABA recommendations for easing corporate alternative minimum tax burden
2+ mon, 1+ week ago (279+ words) An association representing housing professionals this week expressed strong support for two American Bankers Association recommendations on how to reduce the compliance burden of the corporate alternative minimum tax on banks. The CAMT was created by the passage of the…...
NAHB: Homebuilder confidence crept up in December
4+ mon, 1+ week ago (192+ words) Homebuilder confidence in the market for newly built single-family homes rose one point to 39 in December, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index gauging current sales conditions increased one point to 42, the…...