Good Morning! Today is Wednesday, December 6. Members of the actors’ union voted to approve a three-year contract with studios. Representative Patrick McHenry of North Carolina, who briefly served as House speaker, won’t seek re-election. The U.S. imposed visa bans on Israeli settlers who have committed violence in the West Bank.
The Mortgage Note Reports
Master Class: Real estate trainer and coach Ron Vaimberg says market frustrations have crept too far into the mindsets of people working on the front lines and it shows. He shares some tricks for overcoming objections and winning business.
Apps Soar: Mortgage applications increased once again as cooling inflation and Fed rate expectations pushed mortgage rates to their lowest level since August.
CBC Rate Buydown: CBC Mortgage Agency introduced temporary rate buydowns to its down payment assistance program for FHA first mortgage financing.
In other mortgage and housing news…
CRE Pains: Commercial mortgage delinquencies increased for a third straight quarter in Q3, while CRE activity remains low, creating a complicated outlook.
Measuring Risk: A projected slip in home price appreciation bumped default risk up for Q3 2023, though quality loans are keeping risk low overall.
Easy Equity: EasyKnock acquired Balance Homes to provide ways for homeowners to tap into their equity without losing their homes.
Reno Opportunity: More than half of Americans are unwilling to put their homes on the market, but 2 out of 3 say they plan to make home improvements in the next year…
Expensive Upkeep: …but the financial and time burdens of home maintenance are being amplified by persistent economic uncertainty.