Articles from April 2016



HUD Charges Massachusetts Landlord with Discriminating Against Families with Children

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today that it is charging the owner of a Springfield, Massachusetts rental property with violating the Fair Housing Act by refusing to rent an apartment to a husband and wife with children…. HUD Press Releases

Mortgage Rates End Week at Lows

Mortgage rates moved just slightly lower in most cases, to end the week at the best levels since April 19th. Mor importantly, the past 3 days of improvements go a long way toward defeating a worriesome trend toward higher rates that began in early April. With the recent gains, the average conventional 30yr fixed rate […]

HUD and Justice Department Award $1.75 Million to Help Justice-Involved Youth Find Jobs and Housing

WASHINGTON – In an effort to help young people involved in the justice system find jobs and housing, the U.S. Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) today announced $ 1.75 million for Public Housing Authorities (PHAs) and nonprofit legal service organizations to address the challenges justice-involved individuals face […]

Mortgage Rates Helped by Fed Announcement

Mortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in more than a month, rates finally moved lower, albeit modestly. The friendly push came from the Federal Reserve after it released its monetary policy announcement this afternoon. Market […]

Mortgage Rates Sideways ahead of Fed

Mortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting conventional 30yr fixed rates of 3.75% on top tier scenarios. Earlier this month, stronger lenders were as low as 3.5%, and the average had been 3.625% until late last week. Unlike […]

HUD and Census Bureau Announce New Residential Construction Activity in March

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for March 2016…. HUD Press Releases

Mortgage Rates Begin Week at Recent Highs

Mortgage rates didn’t move much , if at all, today. That’s not exactly what we want to see right now considering they’re as high as they’ve been since the 2nd half of March. The average lender has now moved up from quoting conventional 30yr fixed rates of 3.625% to 3.75% on top tier scenarios. Earlier […]

University Of Texas – Austin Wins HUD’s Innovation in Affordable Housing Student Design and Planning Competition

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced a graduate student team from the University of Texas at Austin the winners of HUD’s third annual Innovation in Affordable Housing Student Design and Planning Competition…. HUD Press Releases

Mortgage Rates Jump to Highest Levels in April

Mortgage rates jumped significantly higher today, relative to the almost perfectly flat trend that’s been intact for more than a week. We were already a bit cautious due to yesterday’s underlying market weakness, but today’s move was far swifter than yesterday’s imbalances would suggest. Viewed in the context of 10yr Treasury yields–a common yardstick for […]

Worst Week For Mortgage Rates Since November

Mortgage rates continued higher today, solidifying this week as the worst one in quite a while. Not since the first week i n November have rates risen so quickly. That said, the volatility might be a bit easier to stomach this time around–especially for those who haven’t been able to lock a rate yet. Reason […]