Here is what was at the top of the headlines for the mortgage industry this past week.
Average U.S. Mortgage Rates Tumbled This Week. The 30-year loan hit its lowest level since June 2013. It was the fourth straight week of declines for mortgage rates, making it more affordable to borrow to buy a home.
U.S. Regulators Poised to Finalize Relaxed Mortgage Rules. After more than three years of deliberations, U.S. financial regulators are poised to finalize long-delayed mortgage market standards next week, adopting a relaxed set of rules designed to ensure credit is broadly available.
Data Shows U.S. Economy’s Pulse is Still Strong. The number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September, positive signals that helped ease fears over the economic outlook.
There is No Real Estate Bubble, Pros Say. Big names in real estate investing don’t believe there’s a market bubble. Despite high valuations, homes, office buildings and other types of real estate remain attractive today, especially in comparison to other asset classes and given low interest rates, according to some deep-pocketed pros.
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