In a new study from LendingTree, experts predict the average interest rates on 30-year fixed mortgages to be between 5.5% and 6.5% by the end of 2023.
Read More »People of Color Less Likely to Own Their Homes Than Whites
According to the Joint Center for Housing Studies at Harvard University, in the past two years, a growing number of for-profit and non-profit lenders have created special purpose credit programs (SPCPs) that aim to address some of the longstanding policies ...
Read More »HUD Expands Flood Insurance Options for Homeowners
A recent announcement revealed HUD, through the Federal Housing Administration, will allow private flood insurance policies on insured single-family mortgages in special flood hazard areas.
Read More »JPMorgan Chase Commits $15M to Increase Supply of Affordable Housing
In efforts to further combat the nationwide housing affordability crisis, JPMorgan Chase has announced $3 million in grants for five organizations across the U.S. to expand climate resilient affordable housing for Black, Hispanic, and Latino households.
Read More »CFPB Seeks to Expand Homebuyer Options
The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...
Read More »Ginnie Mae MBS Portfolio Expands to $2.3T
Ginnie Mae’s mortgage-backed securities outstanding portfolio grew for the 14th consecutive month in August, hitting $2.269 trillion, up from $2.248 trillion in July, and $2.119 trillion last year. This growth was fueled by steady new issuance of Ginnie Mae MBS ...
Read More »Inventory, Softening Demand Cooling Pace of Home Sales
According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S. housing supply is preparing to rebound, as active listings posted the smallest year-over-year declines —down just -12.2% since December 2019. Inventory improvements were led by increases ...
Read More »Arkansas Tornado Survivors to Receive Disaster Assistance
Craighead, Jackson and Mississippi are among the Arkansas counties receiving hazard mitigation as a result of recent natural disasters.
Read More »One in Four Underestimate This Home Improvement Cost
Higher raw material costs, along with continuing shortages, contributed to homeowners underestimating the costs to complete a DIY project.
Read More »Golden State Minority Homeowners, Renters Feeling Extra Financial Strain
A new study from UC Berkeley shows how badly California has been financially impacted by COVID-19, with an extra burden impacting minorities.
Read More »