Good Morning! Today is Thursday, November 4. OSHA is expected to release its ’emergency order’ mandating vaccines for employees of large businesses. The U.K. approved a pill designed to treat symptomatic Covid. The attorney for the armorer on “Rust” suggested the live round that killed a woman may have been an act of “sabotage.”
And in mortgage and housing news…
Fed Says Tapering Is On: The Federal Open Market Committee laid out a framework for tapering its emergency bond-buying, but rate hikes weren’t discussed.
Affordable Housing Up: The supply of affordable homes jumped 13% YOY in Q3, though supply dropped in the luxury market.
Will Rising Rates Help Or Hurt?: Rising interest could hurt homebuyers by raising their monthly payments, but they could also reduce competition in some markets and bring home prices back down.
“Trust Is Viral”: A new white paper from Nomi Smith of PMI Rate Pro details how building borrower trust leads to strong business even in tough times.
Homeownership Flat: Data from the Commerce Department showed the homeownership rate stayed basically flat at 65.4% in Q3.
“Committed To iBuying”: Redfin and OpenDoor say they’re doing business as usual following the news that Zillow Offers is closing down.
“Great Reshuffling” Not So Great: A survey from LendingTree found that, of people who moved in the last year, 85.38% stayed in the state they were living in.
CFPB Cracking Down On Credit Policies: The CFPB released another report on modern redlining, this one covering disparities in credit report disputes for residents of majority Black areas.
Valon Valuated at $590 Million: Valon Technologies raised $43.9 million in equity funding from investors including affiliates of Starwood Capital Group and Freedom Mortgage.