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MMG's Bodnar: What A Week... and More To Come

MMG's Bodnar: What A Week... and More To Come

Saturday, 30 September 2023
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Bill Bodnar of the Mortgage Market Guide (MMG) weighs in on the highest mortgage rates this century as well as impending home sales figures and more.  Read more...
U.S. Housing Market Grows to Record $52 Trillion: Zillow

U.S. Housing Market Grows to Record $52 Trillion: Zillow

Saturday, 30 September 2023
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U.S. home values have roared back to new highs after a brief pullback late last year, according to Zillow. So reports Elite Agent. Read more...
NAR Urges a Halt to Rate Hikes as Pending Home Sales Slide

NAR Urges a Halt to Rate Hikes as Pending Home Sales Slide

Saturday, 30 September 2023
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The top economist for the National Association of Realtors has called for a halt to the Federal Reserve’s interest rate increases after contract signings on new homes tumbled in August. So reports Dow Jones. Read more...
Consumer Confidence Falls for Second Straight Month

Consumer Confidence Falls for Second Straight Month

Saturday, 30 September 2023
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Consumers have been growing more downbeat amid rising interest rates and political uncertainty. So reports RISMedia. Read more...
30-Year Mortgage Rate Hits 7.31%, Highest Since 2000

30-Year Mortgage Rate Hits 7.31%, Highest Since 2000

Saturday, 30 September 2023
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The average long-term U.S. mortgage rate has continued to jump, hitting an almost 23-year high. So reports ABC News. Read more...
MMG's Bodnar: Higher for Longer Unnerving the Markets

MMG's Bodnar: Higher for Longer Unnerving the Markets

Saturday, 23 September 2023
Lending
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Bill Bodnar of the Mortgage Market Guide discusses the recent Fed meeting, future rate hikes and the impact it is having on the markets.  Read more...
Forbearance Rate Slips Toward March 2020 Level

Forbearance Rate Slips Toward March 2020 Level

Saturday, 23 September 2023
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The share of home mortgages whose borrowers have received a temporary pause on their payments due to financial distress has inched closer to its levels before the COVID-19 pandemic. So reports DSNews. Read more...
Fannie Mae Doubles Down on 'Mild Recession' Forecast

Fannie Mae Doubles Down on 'Mild Recession' Forecast

Saturday, 23 September 2023
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Fannie Mae economists have reiterated their earlier projection of a “mild recession” for the U.S. economy in 2024. So reports Deseret News. Read more...
CFPB Fleshes Out Rules for Credit Denials That Use AI

CFPB Fleshes Out Rules for Credit Denials That Use AI

Saturday, 23 September 2023
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The Consumer Financial Protection Bureau has issued guidance for lenders’ use of artificial intelligence in their credit decision-making process. So reports PYMNTS. Read more...
Mortgage Rates Drift in Sixth Week Above 7%

Mortgage Rates Drift in Sixth Week Above 7%

Saturday, 23 September 2023
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U.S. long-term mortgage rates have posted a sixth consecutive week over 7%, holding relatively steady as the Federal Reserve paused its tightening. So reports Dow Jones. Read more...

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