Why mortgage rates are rising, not falling, with oil under $70

Oil prices are under $69 while mortgage rates are near yearly highs. For some observers that might seem very odd, but for me it makes sense. During the Iran conflict, the Federal Reserve went from talking about two to three rate cuts to two to three rate hikes. Oil prices falling from over $100 to under $69 is very important, but today I want to focus on the shift in Fed policy and why this chart below...

U.S. Mortgage Demand Holds Steady in Late June

Lower Rates Support Home Purchase Activity U.S. mortgage demand was essentially unchanged last week, but purchase applications continued to outperform last year's pace as modestly lower borrowing costs and improving housing supply encouraged more prospective buyers to enter the market. The Mortgage Bankers Association reported that its seasonally adjusted Market Composite Index--a broad measure of...

Newsom signs balanced budget with $1.7B locked-in for housing

This time last year, California Gov. Gavin Newsom signed a state budget that included sweeping housing reforms that allowed urban residential developers to avoid rigorous environmental reviews. This year’s budget, which Newsom signed on Monday, does not carry the same historic housing reforms as last year. Instead, it is historic for balancing the budget. “For the next two years, California will...

Trump calls 21st Century ROAD to Housing Act ‘a yawn’

President Donald Trump on Monday characterized the 21st Century ROAD to Housing Act as “a yawn,” following an abrupt cancellation of a signing ceremony for the legislation last week. The comments came as Trump reinforced prioritization of the Safeguard American Voter Eligibility (SAVE) Act as his top domestic priority. “It’s so unimportant compared to the SAVE America Act,” Trump told...

Why Carlisle Companies targets Owens Corning for an M&A combo

As homebuilders grapple with questions of scale, access to capital and long-term competitiveness, many of their largest suppliers appear to be navigating similar strategic pressures. Carlisle Companies‘ unsolicited pursuit of Owens Corning, reported Monday by the Wall Street Journal, suggests that the forces reshaping homebuilding boardrooms are also beginning to reshape the building-products...

When AI listing videos look too real: the disclosure test agents need now

In my last HousingWire column, I focused on reviewing AI-generated listing remarks before they reach the MLS. That was about what AI says about a property. This follow-up is about the line between effective marketing and misrepresentation. A listing video may show a drone-style approach, a smooth walkthrough, or a perfectly furnished interior. But what if the drone never flew, the camera never moved, or...

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