Morning Roundup (11/8/2023) — Rates Plunge

Good Morning! Today is Wednesday, November 8. Democrats held the governor’s office in Kentucky and took control of the Virginia House of Delegates yesterday. Ohio voters passed a referendum enshrining abortion access in their state constitution. In a bipartisan vote, the U.S. House censured Rep. Rashida Tlaib (D-Mich.) over comments viewed as antisemitic.

The Mortgage Note Reports

Rates Plunge: Mortgage rates took their biggest one-week drop in more than a year last week.

VA Loan Awareness: Seven out of ten veterans are unaware that they are eligible for a zero-down payment plan for their mortgage.

ICYMI: Technology alone may not be able to solve the problem of racial bias in home appraisals.

In other mortgage and housing news…

FHFA Report: The Federal Housing Finance Agency has released its report on the FHLBank System at 100: Focusing on the Future initiative.

MBA Response: The senior vice president of residential policy and strategic industry engagement at the Mortgage Bankers Association says they are disappointed with aspects of the FHFA report.

Tech News: SingleSource now offers data collection suites and a mobile app for the Fannie Mae Value Acceptance + Property Data Initiative.

Ditching Homeownership: Young Americans with money are more interested in building a strong financial platform than in investing in a home.

Don’t Scare Buyers: Dated wallpaper, mismatched flooring, and dirty grout give buyers an icky feeling. Learn how to make some quick fixes before putting a home on the market.