National Weekend Edition
Moody’s chief economist says housing correction — but not crash — is on the way
Much higher mortgage rates will lead to lower housing prices in “juiced” markets such as Phoenix and Tucson in...
federal reserve
The Latest
National
Biden admin eyes modern update to Community Reinvestment Act
Regulators are once again gearing up to overhaul bank lending to lower-income communities. The Biden administration announced a proposal...
National
Fed hikes interest rates as inflation concern simmers
The Federal Reserve raised interest rates for the first time since 2018, boosting the benchmark by a quarter of...
National
Flood of single-asset deals propels CMBS market to 14-year high
The market for commercial mortgage backed securities is back and bigger than ever. Private-label CMBS issuance surged to $109.1...
National
Cash-out mortgage refinancing hits 14-year high
As home values continue to climb, owners eager for extra cash are seeing their dreams come true. Borrowers extracted...
National
Refinancing has saved homeowners billions, but window is closing
UPDATED Nov. 3, 2021, 3:49 p.m.: Low refinancing rates have helped homebuyers save loads of money throughout the pandemic,...
National
Traders eye Fed pullback on mortgage bonds
Mortgage traders have eyes on the Federal Reserve’s purchasing of mortgage bonds. With the housing market booming and lending rates still low, suspicions are growing that the Fed will no longer keep buying $40...
National
Powell sees new opportunity to reform low-income lending rule
In September, an effort to update a rule encouraging lending in low-income communities turned into a faceoff among three...
National
Fed wants banks to step up lending in low-income areas
The Federal Reserve has proposed modernizing and strengthening a 43-year-old law aimed at encouraging banks to provide loans in...
National
What low interest rates through 2023 means for real estate
The Federal Reserve is preaching stability in a chaotic world. Fed officials signaled on Wednesday that the short-term interest...