Shutdown Can Stop FEMA Funds for Hurricane Victims
Without more funding in a new federal budget, FEMA will ration aid efforts. It still appears likely new flood policies and other RE must-haves expire at midnight Sat.
Mortgage Rates Hit 7.31% – a 23-Year High
Last week, a 30-year, fixed-rate loan averaged 7.19%; a year ago, it was 6.70%. The last time rates were this high was in 2000 when home values weren’t going up.
NAR: Pending Sales Fell 7.1% in Aug.
NAR Chief Economist Yun says “increased housing inventory and better interest rates are essential” for a real estate market rebound.
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