Good Morning! Today is Friday, September 22. House Republican holdouts blocked a military spending bill for the second time this week. Volodymyr Zelensky met with Biden at the White House. Supreme Court Justice Clarence Thomas is once again under scrutiny for secretly attending conservative donor events hosted by the Koch network.
The Mortgage Note Reports
How To Prevent Remorse: Many buyers have regrets after making quick decisions, but experts say there are plenty of ways to bring joy back to homebuying.
Sales Slip: Existing home sales slipped overall in August by 0.7%, as poor performances in the South and West overshadowed activity in the Midwest and Northeast.
Rates React To Fed Pause: Mortgage rates stayed put last week, barely moving the needle when they inched up 0.1% to 7.19% in the wake of the latest FOMC meeting.
In other mortgage and housing news…
Ignoring Medical Debt: The CFPB announced it is beginning a rulemaking process to remove medical bills from Americans’ credit reports.
“Easy Fix” For Housing: Can legalizing duplexes, triplexes, and other forms of light-touch density housing solve America’s housing crisis?
Buyers Wait It Out: Pending home sales are down 13% YOY, Redfin says, as would-be buyers wait for homes to become more affordable.
On, 24/7: Guaranteed Rate introduced PowerVP, a mobile app that allows lenders to lock in rates and send updated pre-approval letters to buyers.
“Prairie Castle”: A former Iowa schoolhouse reimagined as a luxury property includes brick elements, original maple flooring, and a gymnasium-turned-ballroom.