Morning Roundup (7/30/21) — Rates Remain Stable, Biden Wants Extension on Eviction Ban

Good Morning! Today is Friday, July 30. A bitter debate has broken out over new CDC guidance instructing vaccinated individuals to wear masks in some public places. Some corporations are instituting fresh mask mandates based off of that guidance. U.S. gymnast Suni Lee took home the gold medal at the Olympics. Former cardinal Theodore McCarrick has been charged with sexual assault of a minor. The economy grew last month but came in below expectations.

And in mortgage and housing news…

Rates Remain Stable, Low: Mortgage interest rates mostly stayed flat over the past week, remaining at low levels amid the ongoing pandemic recovery.

Eviction Moratorium Goes to Court: A group of landlords have filed suit against the federal government for losses incurred due to the federal eviction ban.

Biden Asks for Longer Moratorium: President Joe Biden is asking Congress to extend the eviction ban passed July 31 to prevent a potential housing crisis.

Pending Home Sales Dip: The number of pending home sales in June dipped by 1.9 percent, further signs of a possible cooling-off trend in the housing market. 

Mortgages Jump in Britain: UK buyers drove a record surge in mortgage uptake there last month.

Good to Know: What credit score do you need to secure a mortgage loan?

Proceed With Caution: How the blazing seller’s market can actually be bad for home sellers.

Don’t Waive the Walk-Through: A home for sale in Idaho is “like three different houses mixed into one,” with a “furniture graveyard” and a “candy cane terror room.”