Morning Roundup (11/29/2022) – Grocery Stores Matter

Good Morning! Today is Tuesday, November 29. Elon Musk accused Apple of threatening to pull Twitter from its App Store. President Biden urged Congress to intervene in a labor dispute between rail companies and union workers that may lead to a strike later this week. Green Sprouts recalled thousands of bottles and cups for toddlers over a possible risk of lead poisoning.

The Mortgage Note Reports

Grocery Stores Matter: Analysts say that being located near certain grocery stores can have an impact on a home’s value. Editor Kimberley Haas has the story.

Appraisal Costs: Borrowers in a new survey said appraisal costs don’t matter to them at all when choosing a lender, focusing instead on their perception of the LO and the speed and quality of the appraisal.

Case-Shiller Index: Home price appreciation continued to cool in September though growth remained elevated from a year earlier.

TMN Presents: The Mortgage Meltdown Meter, a collection of articles from the market correction, updated daily. Click here to stay on top of the changing landscape.

What are you grateful for this holiday season? We want to know. Share your thoughts by emailing us: [email protected]

In other mortgage and housing news…

“Massive Increase”: FICO is raising the price of credit reports and the “vast majority” of mortgage lenders will see increases ranging from 10% to 400%.

Searching For Deals: A quarter of U.S. home shoppers looked to move to a more affordable area in Q3, especially Florida, despite the damage from Hurricane Ian.

First Roadshow: NAMB announced the first of its roadshows for 2022/23 in partnership with Freddie Mac and Rocket Pro, to take place December 8 in St. Louis.

Eyes on Inventory: Unusually low supply has buoyed prices as mortgage rates soar, but a flood of new listings next spring is poised to send them crashing down.

Fairness For Minorities: A study found that mortgage fairness for Black Americans is no better today than thirty years ago, and for Native Americans, it’s gotten worse.

Global Outlook: Tighter monetary policies are jarring homeowners outside the US whose monthly payments are more sensitive to rate changes.