The Department has announced more than $30 million in grants that will support fair housing education, outreach, testing, and enforcement activities.

National mortgage lender and servicing organization has established a new joint venture, lender Onward Home Mortgage, through the Newrez Ventures platform, and in partnership with Keller Williams Georgia Legacy Group.

New Departmental grants will support crime prevention, the installation of carbon monoxide and smoke detectors, and fire alarms in 56 communities, enhancing safety and security for public housing residents.

NAR reports that pending home sales dropped in all four U.S. regions month-over-month and compared to one year ago, as mortgage rates above 7% continue to impact homebuying.

As part of the Biden Administration’s strategy to counter antisemitism, HUD’s Office of Fair Housing and Equal Opportunity has joined seven other federal agencies to issue fact sheets on Title VI protections.

Freddie Mac reports that mortgage rates reached levels last seen in December 2000, as the 30-year fixed-rate mortgage rose 12 basis points week-over-week and low supply continues to create affordability challenges for prospective buyers.

In its annual report on residential mortgage lending activity and trends, the Bureau found that mortgage lending fell in 2022 amid a significant rise in interest rates and discount points.

According to NRMLA, senior home equity rebounded in the second quarter of 2023, as housing wealth for U.S. homeowners aged 62 years and older rose by $820 billion in Q2.

As mortgage rates advanced upward to levels last seen 20 years ago, the MBA reports overall application volume slipping yet again after a quick one-week rebound.

Month-over-month, HUD and the Census Bureau reported an 8.7% drop-off in new home sales in August, with sales impeded by mortgage rates over the 7% mark.