Good Morning! Today is Thursday, October 28. The Biden White House announced a framework for the $1.75 trillion in social spending known as “Build Back Better.” Iran said it would rejoin negotiations to revive the 2015 nuclear deal. The Taliban have allowed some teenaged girls to go back to school. A study found that a cheap anti-depressant…
Mortgage rates rose again over the past week, reaching 3.14%, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey (PMMS) found that the 30-year fixed-rate mortgage (FRM) averaged 3.14%, up from last week’s 3.09%. A year ago at this time, the 30-year FRM averaged 2.81% “The yield on the 10-year Treasury note has been trending up due to the…
Good Morning! Today is Thursday, October 21. U.S. unemployment claims fall to a new pandemic low of 290,000. The gunman in the Parkland school shooting pleaded guilty to 17 counts of murder. Donald Trump is launching a new social media platform, TRUTH Social. And in mortgage and housing news… Freddie Mac: Mortgage rates continued climbing, hitting 3.09%…
Mortgage rates continued their upward trajectory, hitting 3.09% over the past week, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey (PMMS) found that the 30-year fixed-rate mortgage (FRM) averaged 3.09%, up from last week’s 3.05%. A year ago at this time, the 30-year FRM averaged 2.80% “Mortgage rates continued to rise this week due to the trajectory…
Good Morning! Today is Thursday, October 14. Interior Secretary Deb Haaland announced plans to line U.S. coastlines with wind farms. The Energy Information Administration predicts that home heating costs will go up because fuel prices are rising and fuel demand has increased over the previous winter. Democrats are still butting heads over what to cut from…
Mortgage rates rose to their highest point since April, hitting 3.05% over the past week, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey (PMMS) found that the 30-year fixed-rate mortgage (FRM) averaged 3.05%, up from last week’s 2.99%. A year ago at this time, the 30-year FRM averaged 2.81% “As inflationary pressure builds due to the ongoing…
Women have been disproportionately impacted by the pandemic, but none more so than single women. After Covid-19 ravaged their work and home lives, almost 60% of single female heads of household (SFHOH) now say they don’t see homeownership in their futures, a Freddie Mac survey found. “The COVID-19 pandemic has had disparate economic impacts nationwide,…
Homeownership for low-income Americans is a major policy plank for countless political leaders, as well as an intensively studied issue among nonprofit and research organizations. The interest is unsurprising: Getting more people at all income levels into homeownership is broadly seen as a net positive for a nation’s economic and social health. In recent years,…
Good Morning! Today is Friday, October 8. Senate Republicans and Democrats reached a deal to temporarily extend the debt ceiling through December. Tokyo was hit by a 6.1 magnitude earthquake. Ireland signed onto a global agreement to set a minimum 15% corporate tax rate. And in mortgage and housing news… Black Knight: The number of plans in…
Good Morning! Today is Thursday, October 7. Facebook has slowed the release of new products for “reputational reviews.” GM wants to double its revenue by 2030 with battery-electric models and auto services. WHO approved the first Malaria vaccine. A federal judge issued a preliminary injunction blocking the Texas abortion ban. And in mortgage and housing news……
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