Good morning! Today is Tuesday, June 1. The world’s biggest meat supplier has become the latest casualty of a cybersecurity attack, posing a fresh threat to global food security already rattled by the Covid-19 pandemic. Peru on Monday more than doubled its official coronavirus death toll, becoming the country with the highest Covid-19 mortality per capita anywhere in the world. In Thailand and around the world, dogs are being trained to sniff out the coronavirus in people.
And in mortgage and housing news …
DISAPPEARING SELLERS: Why homes for sale nearly disappeared in these markets.
PRICE GROWTH RISKS: A study finds that sustained home price growth may hold risks for mortgages.
RATE CALCULUS: The way mortgage rates are determined explains why everyone gets a different number.
INTEREST RATE CAP: Big bank CEOs are open to the idea of a federal 36% interest rate cap on consumer loans.
WHITE HOUSE PLAN: Will President Biden’s $6 trillion budget help house hunters become buyers?
NO DOWN PAYMENTS: A bill in Congress would allow teachers, first responders access to no down payment mortgages.
CREDIT SCORES: Ten reasons credit scores can drop.
MORTGAGE SHOPPING: Five must-know tips for mortgage shopping.
MANUFACTURED HOMES: Few lenders offer loans for manufactured home buyers, but a CRA incentive could change that.
CLOSING COSTS: How much are you likely to pay in closing costs?