Articles from September 2016



HUD and Justice Department Award $300,000 to Help Justice- Involved Youth in New Jersey, Ohio and Pennsylvania Find Jobs and Housing

WASHINGTON – To help advance housing, jobs and educational opportunities for justice-involved youth, HUD and the Department of Justice today announced $ 300,000 in grants to Public Housing Authorities (PHAs) and legal assistance organizations in New Jersey, Pennsylvania and Ohio…. HUD Press Releases

Mortgage Rates Edge Higher, But Remain in Low Range

Mortgage Rates were slightly higher again today, marking the second day spent pulling back from a nice move lower that followed last week’s Fed announcement. Although mortgage rates aren’t directly influenced by the Fed Funds Rate itself, quick changes in the expected course of central bank policy can cause volatility for most any lending rate. […]

Mortgage Rates Finally Break Recent Winning Streak

Mortgage Rates finally took a break from their recent winning streak today. While there are a few lenders whose rates are just a hair lower than yesterday’s, most are slightly higher. Moreover, bond market weakness in the afternoon prompted several other lenders to issue mid-day reprices to even higher rates. Of course, all of the […]

HUD Awards More Than $14 Million to Help Low-Income Public Housing Residents Secure Higher Paying Jobs

WASHINGTON – In an effort to help low-income public housing residents secure higher paying jobs and access to greater opportunity, the U.S. Department of Housing and Urban Development (HUD) today announced a $ 14 million investment in six public housing authorities and their partners…. HUD Press Releases

HUD Announces Agreement with Ridgeland, Mississippi to Settle Discriminatory Zoning Complaint

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today an agreement with Ridgeland, Mississippi to resolve complaints the city violated the Fair Housing Act when it passed and enforced a zoning ordinance that HUD claimed was motivated by racial animus and created a discriminatory effect on the city’s African American residents…. […]

HUD Publishes Evaluation of Rental Assistance Demonstration

WASHINGTON – In 2012, Congress authorized the Rental Assistance Demonstration (RAD) to test a new way of meeting the large and growing capital improvement needs of the nation’s aging public housing stock…. HUD Press Releases

Mortgage Rates Lowest in Weeks

Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates have now re-entered the narrow “post-Brexit” range that began shortly after the UK’s vote to leave the European Union sent rates plunging toward all-time lows. Our current position is precarious […]

Mortgage Rates Near Recent Highs Ahead of Fed

Mortgage Rates were slightly higher in most cases today, although there were a few lenders in better shape. This runs counter to movement seen in underlying bond markets, which in slightly better territory on the day. The discrepancy is due to conservative pricing strategies among lenders ahead of tomorrow’s Fed Announcement, as well as the […]

Mortgage Rates Barely Budge Following Fed

Mortgage Rates made modest gains in some cases today, though many lenders are in roughly the same territory as yesterday. Things could be worse, however, considering we had 2 major announcements from central banks today (Japan overnight and the Fed this afternoon). These are always flashpoints for market volatility, but they don’t always deliver on […]

HUD Awards More Than $56 Million for Housing and Community Development Projects in 77 Tribal Communities

WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) awarded $ 56.5 million to 77 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects and local jobs…. HUD Press Releases