Good Morning! Today is Thursday, July 29. A bipartisan group of senators are closer than ever to a major infrastructure deal on Capitol Hill. Residents of California are being warned to cut their air conditioning back to take stress off the power grid amid a temperature spike. President Joe Biden says federal workers must be vaccinated or else face regular testing. An Alabama police officer was gunned down in his apartment this week.
And in mortgage and housing news…
Mortgage Applications Up: The Mortgage Bankers Association said U.S. mortgage application activity jumped this week amid signs of a broader market cool-down.
More Help for Veterans: The U.S. Department of Veteran Affairs launched a new veteran mortgage assistance program this week.
Locals Face Competition: Prospective homebuyers are struggling to compete with richer buyers coming from outside the regional market.
Vulnerable Housing Market: Washington, D.C., is among the housing markets most vulnerable to FHA-backed mortgage delinquency risks.
Banks Selling Mortgage Risks: The highly competitive housing market is letting banks sell a new kind of risk-sharing mortgage bond to investors.
Major Apartment Activity: Completions of apartment buildings have hit a two-decade high as concerns persist over limited housing stock.
Analysis: “Why Fears of a Looming 2008-Style Housing Bubble Are Likely Misplaced.”
High Living: This full-floor New York City penthouse is the most expensive property currently listed in the U.S.
Morning Roundup (7/29/21) — Mortgage Applications Increase, New Program for Veteran Homeowners
