News
Rents slide lower amid mixed multifamily outlooks
2+ day, 13+ hour ago (742+ words) National rents maintained a sustained decline in April, as new units expected to hit the market in coming quarters are projected to keep downward pressure on prices into 2027. Median rents declined $29, or 1. 7%, on an annual basis to $1, 673 last month, down…...
Mortgage leaders back revised 21st Century ROAD to Housing Act
2+ day, 16+ hour ago (68+ words) Scotsman Guide Mortgage leaders back revised 21st Century ROAD to Housing Act Prominent mortgage groups are pleased with House of Representatives revisions to the 21st Century ROAD to Housing Act and are urging Senate leaders and the White House to coalesce behind…...
IMBs extend profit streak in first quarter despite cost pressures, falling production
2+ day, 22+ hour ago (122+ words) But disparities between the industry’s leaders and laggards ‘remain wide, ’ says the MBA...
Transfer taxes still play major role in state closing cost rankings
2+ day, 15+ hour ago (367+ words) Consumers looking at purchasing or refinancing their homes usually think about the home value, the loan size and downpayments. They don't always think about closing costs, or how the fees can vary by state. Those costs are the focus of…...
Despite higher upfront costs, new homes save money over time: Realtor. com
2+ day, 16+ hour ago (308+ words) Homebuyers able to spend more upfront on newly built homes can save an average of $25, 335 over the first 10 years of ownership, according to new research from Realtor. com. The report describes what the real estate listings company calls a "wide…...
Mortgage delinquencies continue steady rise in first quarter
2+ day, 23+ hour ago (425+ words) The nationwide seasonally adjusted delinquency rate was 4. 44% through the first three months of 2026, 18 basis points higher than the fourth quarter and 40 bps higher from a year ago, the MBA reported Thursday. Delinquencies on loans backed by the Federal Housing Administration…...
Rocket sues UWM, alleging $100 million breach of bulk MSR contracts
3+ day, 16+ hour ago (75+ words) Scotsman Guide Rocket sues UWM, alleging $100 million breach of bulk MSR contracts Rocket Mortgage claims United Wholesale Mortgage (UWM) owes servicing giant Mr. Cooper Group around $100 million for allegedly soliciting refinance business on mortgage loans that UWM had contractually sworn…...
Fannie Mae predicts little change in mortgage rates for a very long time
3+ day, 15+ hour ago (456+ words) Prospective homebuyers and refinance candidates patiently holding out for lower mortgage rates may have to wait a while, according to Fannie Mae's latest economic and housing forecasts. The government-sponsored enterprise predicts the 30-year fixed-rate mortgage will average 6. 3% during the second…...
Housing costs remain a major focus in Fed's survey of U. S. households
3+ day, 14+ hour ago (249+ words) The Federal Reserve Board released its annual research looking at the economic well-being of U. S. households on Wednesday, showing little change in financial circumstances of U. S. adults and their families in 2025. Basing its report on findings from the Survey of Household Economics…...
Miran exits Fed as Warsh ascends and Powell lingers
3+ day, 16+ hour ago (647+ words) In the game of Federal Reserve musical chairs, there's now one too few for Stephen Miran. Tendering his resignation from the U. S. central bank on Thursday, Miran expressed optimism about his replacement as Fed governor, Kevin Warsh, who was also confirmed…...