Good Morning! Today is Friday, September 23. Iran state television is reporting that at least 26 are dead due to the protests taking place over a woman’s right to choose what clothing she will wear, including the mandatory hijab. Fox News is reporting Americans have lost $4,200 in income under President Biden. Russia has started orchestrating and staged voting in occupied Ukraine territories.
The Mortgage Note Reports
Rates Shoot Up: Mortgage rates jumped by a quarter point this week in the wake of another 75-point rate hike from the Central Bank, up from 6.02% to 6.29%.
Input Wanted: The Consumer Financial Protection Bureau wants the public to weigh in on ways to improve the mortgage process for homeowners who would benefit from refinancing.
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In other mortgage and housing news…
“The New Weird” In Housing: Home prices increased 1% in the last two weeks, reversing 11 weeks of declines even as mortgage rates soared past 6%.
Fidelity CHRO: Fidelity National Financial announced Melissa Circelli will join the company as Chief Human Resources Officer.
Don’t Get Too Excited: Rents finally fell, but they’re still elevated and affordability remains a serious challenge.
CCM Solution: CrossCountry Mortgage introduced a new fixed-rate second loan for homeowners looking to cash in on their equity.
Education’s Impact: How connected are homeownership and education, really? FirstAm’s REconomy Podcast dives into the impact of student debt relief on housing.
$1 Rent?!: It’s real– this German community hasn’t raised rents in 500 years.