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Mortgage rates are cooling, but a policy standstill is keeping them elevated
Help from the Federal Reserve in the form of lower benchmark rates is unlikely to arrive this month. The CME Group’s FedWatch tool on Tuesday showed that 95% of interest rate traders believe the federal funds rate will remain in a range of 4.25% of 4.5% when the Federal Open Market Committee meets at the end of July.
Arcasa launches Energy-Smart DPA on Down Payment Resource
Arcasa’s Energy-Smart DPA program, now listed in Down Payment Resource’s DPA Directory, combines down payment assistance with solar upgrades
Capital One shuts down Discover’s home equity and refinance business
Capital One Financial Corporation has decided to shut down the home equity and refinance operations it inherited through its acquisition of Discover Financial Services.
HUD voucher recipient in Indiana will lose benefits after disclosing marijuana use
An Indiana man who admitted to ingesting cannabis once says he is poised to become homeless after he was terminated from his city’s Housing Choice Voucher program.
Mortgage applications up 33.3% from holiday week
With an adjustment for the New Year’s holiday, mortgage applications increased 33.3% from one week earlier.
Securing customer insurance in a volatile real estate market
The year 2025 will be transformative for real estate. Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics — and homeowner’s insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.
US home prices continued their rally in September
Home prices rallied in September, as homebuyers still outnumbered sellers.
Why aren’t there more new homes for sale?
In a country of more than 335 million people, we still only have 76,000 new homes available for sale as we head into December.
New home sales disappoint in October, prices fall
New home sales fell on a month-over-month basis in October, but continue to outpace last year’s levels.
