Trending News: January 24, 2024

Rates dip to 6.6%, the lowest since May 2023, however the mortgage-backed securities market imbalance could fuel future rate hikes. Brokerage MV Realty is barred from North Carolina in another lawsuit of the ever-increasing string of real estate lawsuits, but this one stands out as particularly “unique”.

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Show Notes

MBS market imbalance fueling higher rates: GSEs buying more MBS and the Fed ending QT could be a fix — though one seems far more likely than the other. Read more

Mortgage rates dip to 6.6% to mark the lowest level since May 2023: The decline is welcome news for the housing market but will create pressure on inventory. Read more

Brokerage firm MV Realty has been barred from North Carolina: MV Realty was under scrutiny for deceiving homeowners in financial distress into signing exclusive listing agreements that lasted 40 years in exchange for cash. Read more

Music by: Gloria Tells from Epidemic Sound

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