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Monday Minute: Week of March 28, 2022
Both the House and the Senate are in session this week. What issues should REALTORS® follow? Home Appraisal Bias/Discrimination (Potential NAR Questions/Letter).
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FHA, VA Loan Demand Drops on Higher Rates
Mortgage applications for home purchases involving Federal Housing Administration and Veterans Affairs loans are falling.
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HUD: Insufficient Flood Insurance Impacts $4.5B in FHA Loans
Many properties nationwide are underinsured for flood disasters and could be exposing homeowners and the Federal Housing Administration to higher financial risk.
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White House Releases Plan to Combat Appraisal Bias
An interagency task force at the White House has outlined a plan aimed at rooting out racial and ethnic bias in home valuations.
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Pending Home Sales Weaken 4.1% in February 2022
February 2022’s pending home sales pace declined 4.1% last month and fell 5.4% from a year ago.
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6 Must-see Luxury Homes
6 Must-see Luxury Homes Netflix reality series dazzles viewers with architectural gems from around the world. By: Catherine Mesick Luxury Properties, Design & Architecture
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Pending Home Sales Dwindle 4.1% in February
Pending Home Sales Dwindle 4.1% in February Three of the four major U.S. regions saw contract signings fall month-over-month, with the Northeast being the only area that reported an increase. Media Contact: Quintin Simmons 202-383-1178
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Instant Reaction: Mortgage Rates, March 24, 2022
Instant Reaction: Mortgage Rates, March 24, 2022 The 30-year fixed mortgage rate surged to 4.42% from 4.16% the previous week; rates having increased by 1.2% since the beginning of the year. By: Nadia Evangelou Mortgage Financing