Good Morning! Today is Monday, December 12. Ninety flights have been canceled across the U.S. as a winter storm pummels Northern states. The Fed is set to slow the pace of interest rate increases. NASA’s Artemis splashed down off the coast of Baja California in Mexico.
The Mortgage Note Reports
Selling To Pet Parents: Most pet owners are willing to forgo their dream home if it doesn’t suit their furry friends, and prioritize their animals’ needs as much as their own.
Rate Locks Down: Purchase locks fell 22% in November despite 30-year rates dropping 48 bps over the course of the month.
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.
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In other mortgage and housing news…
Offer For Landlords: Homebuilder Lennar Corp. is offering to sell thousands of homes to rental landlords at a time when sales to everyday buyers have slumped.
Adaptive Reuse Fail: The heralded conversion of half-empty downtown office space into much-needed housing has not materialized. What’s going on?
“The Worst Is Over”: Experts say mortgage rates will continue to decline even in the face of another Fed rate hike this week.
Climate Monitoring: CoreLogic launched Climate Risk Analytics, which uses property data and financial information to estimate the impact and cost of future catastrophes.
Hottest Rental Market: Miami was America’s hottest rental market in 2022, followed by Grand Rapids, Orlando, Harrisburg, and North Jersey.
Debt Analysis: Mortgage debt rose 14% from 2011 to 2021, with North Dakota seeing the most significant housing debt increase (63%).