Jobless claims keep mortgage rates elevated
Today, the jobless claims data again showed why mortgage rates continue to be elevated, confirming that the labor market isn’t breaking. The labor market is getting softer but hasn’t broken yet, as it has before every recession post World War II.Mortgage rates have remained mostly in a range over th
Reverse mortgage case number metric reaches highest level in two years
Home Equity Conversion Mortgage (HECM) endorsements saw a healthy increase in October 2024. They jumped by 11.3% to 2,392 loans for the month, according to data compiled by Reverse Market Insight (RMI).But after additional data about the month of October was released, one metric of reverse mortgage
Trump’s pick to lead HUD has opposed aid programs for the poor
Scott Turner, the nominee-designate to lead the U.S. Department of Housing and Urban Development (HUD) in the incoming Trump administration, has previously expressed dim and skeptical views about federal programs designed to assist people experiencing poverty and homelessness.These views could illus
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