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How 7% mortgage rates will change housing for a decade

Housing Wire

Most people didnt notice this growing lock-in effect as it was developing in the mid 2010s, but it was well under way. If mortgage rates stay elevated into 2026, we could easily see inventory grow back to 1 million homes or more levels that we used to consider normal a decade ago. It also means muted equity increases.

Mortgage 488
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What lies ahead

Housing Wire

million by 2026. Right now, with bans being put on short-term rentals in big cities like New York City, and travelers demanding luxury rentals more and more as they develop a taste for premium amenities, privacy, and unique offerings, the short-term rental market is in the midst of a transformative phase.

Investors 448
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FOA announces amendment and update for bond exchange offer

Housing Wire

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer , which would swap current investor bonds due in 2025 with new bonds due one to four years later.

Finance 432
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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Most investors are already wondering what it would take for the central bank to lift rates again later this year. of these investors bet officials will freeze the rate hike at the November 1st meeting. next year and to reach 2% in 2026, he added. However, the door remains open for another increase as early as November.

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Fed Cuts Interest Rate by a Half-Point

Appraisal Buzz

The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.” The Fed now predicts that inflation will not come down to their 2% target until sometime in 2026. in June 2022.

Investors 435
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Liberty Reverse parent Onity offers $500M in senior notes due in 2029

Housing Wire

The proceeds of the sale will be used to redeem all of PHH Mortgage’s outstanding senior notes priced at 7.875% and due in 2026, as well as all of Onity’s senior second-lien notes, priced at 12% to 13.25% and due in 2027. The price to investors will be 99.556% of the principal amount of the notes.

Investors 435
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Eastside Light Rail Expansion Offers Hope for More Housing

Will Springer Realtor

The growth of transit is leading building developers to be busy today, planning residential and commercial projects. > Bosa Development, the U.S. based building developer, is preparing to demolish the Park Row Shopping Center on Bellevue Way Northeast and break ground on a 22-story, 143-unit luxury condo likely named Park Row.