Good Morning! Today is Friday, Aug. 13. The Taliban is sweeping across Afghanistan in the wake of the U.S. troop withdrawal. The FDA has approved a third COVID vaccine shot for vulnerable patients. COVID hospitalizations continue to increase. The U.S. Census showed a decline in white Americans for the first time in the country’s history. A heat wave continues to scorch large parts of the country. And in mortgage and housing news…Rates Up: Mortgage rates increased for the first time in nearly two months following promising economic news. Rocket Offers New Home Services: Rocket Companies is offering a new ‘Homes’ tool that seeks to integrate the buying/selling process. Getting Ahead of the Crisis: Massachusetts is considering a law that would …
Good Morning! Today is Thursday, Aug. 12. Bitter fights are breaking out at school boards across the country over district mask mandates. Arrest warrants have been taken out for Democrats who fled Texas in protest to an election reform bill. Europe is sweating under a massive heatwave. A judge has offered congressional Democrats restricted access to former President Donald Trump’s financial records. The NSA will reportedly be subject to internal review over allegations it spied on Fox News host Tucker Carlson.And in mortgage and housing news…Applications Go Up, Again: Mortgage applications increased once more in a continuing seesaw trend that has lasted weeks.Legal Fight Ahead: A U.S. senator has introduced a resolution to repeal the CDC’s current eviction moratorium.Big Gains: The…
Good Morning! Today is Wednesday, Aug. 11. New York Gov. Andrew Cuomo resigned on Tuesday amid ongoing investigations into his alleged sexual misconduct. Kathy Hochul will become New York’s first female governor. The Senate has passed a long-awaited $1 trillion infrastructure bill. Senators also passed a larger $3.5 trillion budget blueprint. U.S. airlines have announced they will not require vaccines for workers. The California Dixie Fire continues to rage. And in mortgage and housing news…Stock Up: Housing stock increased last month, a sign of possible price relief for homebuyers in the near future. Heading Off a Crisis? Some courts are hoping to counteract a potential eviction crisis ahead of the end of the current moratorium.Go Big and Go Home: A major mortgage executive urges brokers to pursue “jumbo” loans amid…
Good Morning! Today is Monday, Aug. 9. A top aide to New York Gov. Andrew Cuomo has resigned amid his ongoing sexual harassment scandal. The U.S. is averaging over 100,000 COVID cases a day, but deaths are much lower than earlier spikes. The U.N. is warning of potential climate catastrophe ahead. The 2020 olympics ended with the U.S. winning the most medals, including the most gold, narrowly beating China. Legendary FSU football coach Bobby Bowden has died at 91. And in mortgage and housing news…Moratorium Infighting: Lobbyists are fuming that the Biden administration left them out of the eviction ban decision. Elderly Home Repair Assistance: The federal government is offering targeted loans to elderly Americans to help with critical repair…
Good Morning! Today is Friday, Aug. 6. Corporations and businesses across the country are increasingly ordering their employees to get vaccinated against COVID-19. The Senate is still struggling to come to agreement on a $1 trillion infrastructure bill. Wildfires are burning in both the U.S. and Europe. The U.S. women’s basketball team is competing for Olympic gold. New York Gov. Andrew Cuomo is facing increasing calls from fellow Democrats to resign. And in mortgage and housing news…Rates Continue Decline: Mortgage rates fell again this week amid ongoing concerns over the COVID delta variant.Good Mortgage Trends: The number of mortgages underwater dropped in the past quarter, while the number of “equity-rich” homes increased.Strong Words: The Washington Post claims that the new Biden…
Good Morning! Today is Wednesday, Aug. 4. President Joe Biden has called on New York Gov. Andrew Cuomo to resign amid sexual harassment allegations. The U.S. continues to lead the pack in medals at the Tokyo Olympics. The United Kingdom is seeing a sharp drop in COVID cases after fears of a sustained wave of the Delta variant. A $1 trillion infrastructure bill continues to drag through the Senate.And in mortgage and housing news…Targeted Eviction Moratorium: The Biden administration has extended the eviction moratorium for areas in the U.S. with “high” COVID-19 transmission.Home Debt Spikes: Americans saw a surge of homeowner debt in the second quarter of this year amid record home prices.A Good Year for GSEs: Fannie Mae continues to…
Good Morning! Today is Tuesday, Aug. 3. U.S. Sen. Lindsay Graham said he tested positive for COVID-19 after being vaccinated against it. The U.S. women’s soccer team lost its shot for the gold against Canada. Alliant became the latest major credit union to ditch overdraft fees. Florida-based Spirit Airlines threw travel into chaos after cancelling more than a third of its flights. Comedian Kathy Griffin announced she has lung cancer.And in mortgage and housing news…An ‘Offensive’ Refund Policy: A major mortgage lender struggles to explain its new rules on refinancing fees. Major Affordability Investment: A longtime housing nonprofit announced it has invested nearly $1 billion in affordable housing over the past year. Mortgage Forbearance Drops Again: The rate of mortgage…
Good Morning! Today is Monday, Aug. 2. Fears are mounting that future COVID variants might be able to evade vaccines. New COVID cases continue to rise throughout the country. Broadway theaters will require vaccinations and masks for all patrons. The U.S. Senate continues to attempt to hash out a trillion-dollar infrastructure bill. Americans took home multiple gold medals in swimming competitions at the Olympics on Saturday. And in mortgage and housing news…It’s Over: The eviction moratorium has expired and “the rent is due” for millions of Americans.Congress Urges Action: House Democrats are calling on the White House to extend the moratorium. Foreclosures on the Horizon, Too: The moratorium on foreclosures also ran out at the end of last month.No Rise…
Good Morning! Today is Friday, July 30. A bitter debate has broken out over new CDC guidance instructing vaccinated individuals to wear masks in some public places. Some corporations are instituting fresh mask mandates based off of that guidance. U.S. gymnast Suni Lee took home the gold medal at the Olympics. Former cardinal Theodore McCarrick has been charged with sexual assault of a minor. The economy grew last month but came in below expectations.And in mortgage and housing news…Rates Remain Stable, Low: Mortgage interest rates mostly stayed flat over the past week, remaining at low levels amid the ongoing pandemic recovery.Eviction Moratorium Goes to Court: A group of landlords have filed suit against the federal government for losses incurred due…
Good Morning! Today is Thursday, July 29. A bipartisan group of senators are closer than ever to a major infrastructure deal on Capitol Hill. Residents of California are being warned to cut their air conditioning back to take stress off the power grid amid a temperature spike. President Joe Biden says federal workers must be vaccinated or else face regular testing. An Alabama police officer was gunned down in his apartment this week. And in mortgage and housing news…Mortgage Applications Up: The Mortgage Bankers Association said U.S. mortgage application activity jumped this week amid signs of a broader market cool-down. More Help for Veterans: The U.S. Department of Veteran Affairs launched a new veteran mortgage assistance program this week.Locals Face…
