Real Estate News
Below are the latest real estate news headlines for buyers and sellers.Real Estate
Refinancing your mortgage will cost more thanks to an 'adverse market' fee
Homeowners who refinance their mortgage may end up paying a higher interest rate. This is because lenders may pass on some of the costs incurred from an "adverse market" fee that they will soon have to start paying on certain loans sold to Fannie Mae and Freddie Mac. Read Article
Government mortgage bailout numbers improve slowly, but the real test is ahead
The number of borrowers in government covid-related mortgage bailout programs is shrinking, but those in private-label or bank bailouts is rising. Read Article
Eric Trump says he will comply with New York attorney general's subpoena but only after the 2020 election
"We won't allow any entity or individual to dictate how our investigation will proceed or allow anyone to evade a lawful subpoena," New York Attorney General Letitia James said in response to the Trump move. Read Article
One under-the-radar play on the homebuilding boom is flashing a buy signal, trader says
With homebuilder sentiment hitting all-time highs on the back of demand for suburban housing, two traders reveal their favorite ways to play the space. Read Article
The Fed keeps rate steady. Here's how that benefits short-term borrowers
Thanks to the central bank, short-term borrowing rates will stay near rock bottom but you may have to act quickly to get the most benefit. Read Article
Homebuilder sentiment soars to record high, but lumber prices raise a red flag
Builder confidence in the market for single-family homes rose in September to the highest reading in the NAHB/Wells Fargo index's 35-year history. Read Article
Mortgage demand fell last week as interest rates stalled
With no major move in mortgage rates, there was no sudden incentive to refinance a home loan last week, so fewer people did. Read Article
Palihapitiya finds next '10x idea' with $4.8 billion SPAC deal for real estate start-up Opendoor
"These guys are my next 10x" idea," Chamath Palihapitiya told CNBC. Read Article
Real estate CEO: NYC mayor must make streets safer, cleaner so people will want to return
"We don't have a plan to build a better, brighter future for our city like we did post-9/11 and it's eerily scary," RXR Realty CEO Scott Rechler told CNBC on Friday. Read Article
Covid-19 mortgage bailouts decline slightly, but a new foreclosure crisis could be brewing
After a substantial decline last week, the number of borrowers in coronavirus-related mortgage bailout programs dropped by a lot less this week. Read Article