NAR Applauds HUD for Protecting LGBTQ Civil Rights
NAR Applauds HUD for Protecting LGBTQ Civil Rights NAR applauded HUD’s announcement that it will enforce the Fair Housing Act to prohibit discrimination based on sexual orientation and gender… Media Contact: Patrick Newton 202-383-1290 Fair Housing Act
Mortgage Rules Toughen Up for Condos in Vacation Hot Spots
The new rules could make it tougher for some buyers to get a mortgage on condos in resort areas. www.nar.realtor – Vacation, Resort, and Second Homes
Layoffs Continue to Drop to the Lowest Level Within the Last Two Months
The number of people seeking unemployment benefits fell further for third straight week to the lowest level in the last couple of months. It seems that the worst months for the labor market could be behind us. www.nar.realtor – Research
Expirations Help Forbearance Numbers; Rates Under Pressure Despite Weak Jobs Report
Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely […]
Second Century Ventures Announces Inaugural REACH UK Class
Inaugural REACH UK Class Announced REACH UK launches its Class of 2021 with support from strategic industry partner NAEA Propertymark. Media Contact: Wesley Shaw 202-383-1193
Biden’s Actions on Fair Housing
President Biden recently issued several actions related to ending discrimination and promoting fair housing and equal opportunity for all Americans. www.nar.realtor – Fair Housing
December Home Price Gains Shot Up 9% Annually
CoreLogic reports that December saw yet another acceleration in home price increases. The company’s Home Price Index (HPI) rose 9.2 percent on an annual basis. The increase in November was 8.2 percent. The month-over-month change, 1.1 percent, was also greater than the increase from October to November, 1.0 percent. CoreLogic says the December data means […]
Pending Home Sales Inch Back 0.3% in December
Pending Home Sales Inch Back 0.3% in December Despite dropping slightly in the last month of 2020, the latest pending home sales registered as the highest ever recorded in the month of December. Media Contact: Quintin Simmons 202-383-1178
Why Mortgage Rates Should Care About Bond Market Warning
After spiking in early January, interest rates returned to near-all-time-low levels by the middle of the week. By the end, however, the market began to flash a warning about more volatility ahead. The warning is fairly simple. It has to do with a pattern that’s been repeating in the bond market (the key ingredient in […]
Mortgage Rates Start Strong But End Higher
Mortgage rates have had a great couple of weeks after jumping to multi-month highs at the beginning of January. By yesterday, they’d made it almost all the way back to their best recent levels. The same was true this morning, but things have changed since then. The bond market (which dictates rates) had its worst […]