"October 7, 2024" Archives

The Mortgage Bankers Association (MBA) on Monday announced the launch of a new initiative involving 12 other corporate stakeholders. The entities will seek to find potential solutions for closing the racial homeownership gap. The new initiative comes in the form of a group called the “CONVERGENCE Collaborative,” which is a “coordinated effort to identify and…

Home sales and home prices have been improving for several weeks. Unfortunately, this period could be fleeting, because we had strong economic news last week. Ironically, a strong employment situation in the country drives the bond market to higher rates. After the recent lows with mortgage rates this week, the 30-year fixed rate jumped back…

Andy Walden, ICE vice president of enterprise research, joins CNBC’s ‘The Exchange’ to discuss how natural disasters have impacted insurance costs for Americans, where storm-impacted homeowners are relocating to, and more.

Investors should tread carefully if wading into the market.