Fannie Mae: Cheap mortgage rates will push 2019 refinancings to three-year high
9/17/2019 1:56 PM
Fannie Mae released a forecast on Tuesday that has 30-year fixed mortgage rates falling to an average of 3.5% in the fourth quarter from 3.6% in the current period, which will boost refinancings to a three-year high. The nation’s biggest mortgage financier said refinancings probably will reach $699 billion in 2019, a 31% jump from 2018...Read More
Calabria: Fannie Mae and Freddie Mac won’t privatize until 2020’s end or later
9/17/2019 12:23 PM
The federal regulator for Fannie Mae and Freddie Mac said the nation’s largest mortgage financiers won’t be privatized until the end of 2020 at the earliest. “It really depends on how quickly they raise capital,” said Federal Housing Finance Agency Director Mark Calabria in a Tuesday interview on Bloomberg TV...Read More
Nearly half of Americans have anxiety over their debt
9/17/2019 11:28 AM
Adults in the U.S. over the age of 18 say they have an average of $29,800 in personal debt (not including mortgages), and 15% of Americans say they think they will be in debt for the rest of their lives. Beyond that, 45% of Americans surveyed said that debt makes them feel anxiety on at least a monthly basis...Read More
Homebuilders are feeling better about the housing market than they have all year
9/17/2019 10:11 AM
Homebuilder confidence came in at 68 points in September, rising from August"s upwardly revised reading of 67, according to the National Association of Home Builders/Wells Fargo Housing Market Index. September"s sentiment level now marks the highest reading since October of last year. NAHB Chairman Greg Ugalde said low interest rates and solid dema...Read More
Average FICO score stands at record high
9/16/2019 4:26 PM
The average FICO score stands at a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. One of the key drivers is the economic expansion, but the purging of Great Recession credit events is also helping, FICO said...Read More
Average U.S. rent climbs to $1,472 in August
9/16/2019 3:31 PM
America’s rental prices continued to grow in August, as RentCafé indicates the nation’s average rent increased $47 from the previous year. According to the company’s Apartment Market Report, the national average rent in August totaled $1,472. This is a 0.1% increase from the previous month, and also represents a 3.3% increase from the same tim...Read More
It stinks to be Powell this week as Fed chairman grapples with Trump’s ire
9/16/2019 1:47 PM
Federal Reserve Chairman Jerome Powell will answer questions from reporters following the end of Wednesday’s policy-setting FOMC meeting that’s widely expected to produce a 0.25% rate cut. Watch out. The last time Powell held a press conference, after July’s FOMC meeting, he used two words that spooked investors and cratered the stock market. And, ...Read More
Majority of nation"s housing markets have now recovered from housing recession
9/16/2019 1:08 PM
As home price appreciation strengthens across the country, a report from HSH suggests home prices have now returned to pre-recession highs in a majority of the nation’s largest housing markets. According to the company’s index, 75% of America’s largest housing markets achieved full home price recovery in the second quarter of 2019. However, the rem...Read More
Apartment occupancy climbs to highest point since 2000
9/16/2019 10:57 AM
Renting an apartment hasn"t been this popular in nearly 20 years, as the rate at which people are renting apartments hasn"t been this high since 2000. According to new data from RealPage, apartment occupancy was the highest in August that it has been at any point since the tech boom in 2000. August also marked the seventh consecutive month...Read More
[Pulse] How real estate agents and mortgage lenders can use Instagram to boost their business
9/14/2019 12:00 PM
Instagram boasts a whopping 1 billion users, with 500 million of them logging into the platform every day. The hashtag #realestate has been used on 26 million posts, and that’s merely one of endless hashtag options. So what does this tell us? For real estate agents and mortgage lenders, Instagram has the potential to be an incredibly lucrative plat...Read More

CNN Money:
Retirement contribution limits will rise in 2019
11/1/2018 3:50 PM
Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019....Read More

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