Tag Archives: U.S. Department of Housing & Urban Development (HUD)

The rise in mortgage rates and inflationary concerns are impacting new residential construction, as borrower costs continue to force many prospective buyers to the sidelines.

Despite lingering supply chain concerns, there were 811,000 single-family units under construction in March, marking the highest level since 2006.

HUD has announced plans to prioritize its goal of advancing equity for all and addressing the need for affordable housing nationwide.

After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.

The Biden Administration has established the PAVE Task Force to tackle racial bias in the home lending and appraisal process.

More than 30% of African-Americans polled in a new study believe that home values came in lower than expected.

Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.

Alanna McCargo sworn in to lead principal financing arm for government mortgage loans.

After a few weeks of increases, mortgage rates took a slight dive this week, falling to 3.05% as refis again picked up despite a downtick in overall mortgage app volume.

Even with rates heading back down to the 3% mark, many single‐family home buyers are being outpriced with lumber costs again on the upswing.