Luke Baynes, Author at Scotsman Guide - Page 39 of 59

Luke Baynes

Luke Baynes is managing editor of Scotsman Guide.

Articles by Luke Baynes

Headline PCE inflation increased to 2.3% in May and core inflation rose to 2.7%.

Economy

PCE inflation ticks up in May as consumers cut back on spending

The latest inflation report further clouds the outlook for a Fed rate cut

Mortgage closing costs typically range from 2% to 5% of the value of the loan, according to Freddie Mac.

Market Trends

A closer look at mortgage closing costs with BAC’s chief advocacy officer

Brendan McKay talks title insurance, FICO scores and other rising expenses

The 30-year fixed-rate mortgage averaged 6.77% for the week ending June 26, according to Freddie Mac.

Interest Rates

30-year mortgage rates dip below 6.8%: Freddie Mac

The 15-year rate also saw modest declines this week

Pending home sales eked out a 1.8% month-over-month gain in May and rose 1.1% compared to the prior year, according to NAR.

Market Trends

Pending home sales rise in May as homebuying season shows ‘some signs of life’

The West led all regions with a 6% monthly increase

Fannie and Freddie may consider cryptocurrencies for single-family loan assessments, FHFA Director Bill Pulte announced.

Government-Sponsored Enterprises

Fannie and Freddie may consider cryptocurrencies for single-family loan assessments

FHFA Director Bill Pulte made the bombshell announcement in a social media post

Sales of new single-family homes plummeted 13.7% in May to a seasonally adjusted annual rate of 623,000.

Construction

New single-family home sales slump in May, erasing April’s gains

Home builder pessimism is beginning to show up in sales data

Kevin Wall has left his position as co-president of First American Title Insurance Co.

Company News

First American Title co-president leaves the company in sudden shake-up

No reason was provided for Kevin Wall’s abrupt exit

The typical U.S. household would need to spend 44.6% of their income to afford a median-priced home, according to Realtor.com.

Market Trends

Is 45 the new 30 for measuring homebuyer affordability?

The ‘30% rule’ may be a thing of the past

April’s slowing home price growth evidenced by Case-Shiller and FHFA indexes suggest a U.S. housing market in transition.

Market Trends

Case-Shiller and FHFA indexes reveal a ‘housing market in transition’

April’s slowing home price growth showed notable cooling in Sun Belt states

As speculation surrounding Fannie Mae and Freddie Mac privatization heats up, many observers have questioned how mortgage rates will be impacted.

Government-Sponsored Enterprises

Making sense of the Fannie Mae and Freddie Mac privatization rumors

A Q&A with Marty Green of Polunsky Beitel Green LLP

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