Morning Roundup (10/17/2023) — Fed Under Fire

Good Morning! Today is Tuesday, October 17. President Biden will visit Israel tomorrow after accepting an invitation from Benjamin Netanyahu. The U.S. says it nearing a deal that would allow humanitarian aid into Gaza. Massachusetts will no longer guarantee emergency housing for new migrant arrivals beginning next month.

The Mortgage Note Reports

Fed Under Fire: The Federal Reserve’s policies are taking center stage at the MBA’s conference this week, editor Kimberley Haas reports.

Haunted And Cheap: More than half of Americans would buy a haunted house to save money even though they’d be terrified to live in one.

1980s Market?: Today’s housing market proves that history recycles its best hits, mirroring that of the 1980s– not an exact copy, but close enough to glean insights.

In other mortgage and housing news…

Retail Rebound: Retail sales rose 0.7% on the month, well above the 0.3% Dow Jones estimate despite high interest rates and worries over a weakening economy.

Not Gray-Appropriatae: New England’s population is graying and many older people want to age in place, but its homes are less “aging-ready” than the rest of the U.S.

Wealth Doesn’t Help: Having a high-paying job doesn’t guarantee you can afford a place to live, especially in the priciest American metros.

Recession Still Coming: Fannie Mae says the rapid rise in long-term interest rates over the past few months will likely weigh on future economic growth.

Company News: FormFree appointed Jenny Moss as its new director of marketing; Truv integrated with nCino’s Mortgage Suite for enhanced employment verification; MeridianLink Mortgage has a new POS solution.