Good Morning! Today is Friday, December 9. Brittney Griner was freed in exchange for Viktor Bout, a Russian arms dealer. A bill protecting same-sex marriage rights cleared Congress after receiving bipartisan approval in the House. Federal regulators sued to block Microsoft’s $69 billion acquisition of the video game maker Activision Blizzard.
The Mortgage Note Reports
Rates Continue Falling: Mortgage interest rates slipped to 6.33% last week, marking the fourth consecutive week of declines.
Inventory Boost: The supply of homes for sale saw its largest uptick on record in the four weeks ending Dec. 4 as houses linger on the market.
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…
Producer Prices: The producer index, a measure of what companies get for their products in the pipeline, rose 0.3% for the month, dashing hopes of cooling inflation.
Equity Slips In Q3: Homeowners posted average annual equity gains of $34,300 in Q3, about half the year-over-year increase recorded in Q2.
Credit Loosens: Mortgage credit availability rose slightly in November, the first increase in nine months, spurred largely by a bump in ARMs programs.
Prepping For Recession: Nearly 8 in 10 adults believe the U.S. is near a recession or already there, while 58% may get a side job to supplement their income next year.
Union Home Hire: Union Home Mortgage announced the hiring of Kimberly Evers as Branch Manager for its Fayetteville, North Carolina, location.
Preparing For The Worst: Mortgage brokers in the U.K. are taking mental health training to support clients struggling to make their payments.