Economy

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.

The influence of expected policy changes from President-elect Trump will have on real estate next year could be mitigated by economic factors, Realtor.com said.

The 30-year fixed rate mortgage is at its lowest point since the end of October, but it is still relatively elevated at near 7%, Freddie Mac reported.

The group is calling for the Trump administration to preserve certain features if it picks up where it left off and finishes cutting ties to the Treasury.

Federal Reserve Gov. Christopher Waller, a Trump appointee, said that while recent inflation readings are concerning, monetary policy would remain restrictive even if the central bank cuts interest rates by another quarter-point this month.

For the second time in the past three weeks, the 30-year fixed mortgage moved lower, but investors want clarity about U.S. economic policy, Freddie Mac said.

The president-elect had billed his hardline stance on the border and promised deportations as a solution to tight housing markets. Experts say those policies, at least in terms of housing, could do more harm than good.

While what they get for their money is important, it was not the leading reason why home buyers decided to relocate, the National Association of Realtors said.

The 30-year fixed rate mortgage average resumed its climb that started in September, as the benchmark 10-year Treasury price still reflects views on inflation.

Fannie Mae's latest economic forecast no longer expects mortgage rates to go below 6% next year, and that is affecting its views on loan origination volume.

Pressure on core home improvement categories won't "be completely eased until the housing market is back on much firmer footing, which will not be until well into 2025 at the earliest," wrote Neil Saunders, managing director at GlobalData, in a note.

In its semiannual supervision and regulation report, the Federal Reserve flagged climbing loan delinquencies and a rising number of large bank citations for governance and controls.

Mortgage rates have stopped the run of increases following the September Fed meeting but consumers are not likely to notice.

The Trump victory is considered a positive for changing the status of Fannie Mae and Freddie Mac, but what would that do to interest rates?

The incoming administration has experience from its previous run, Bank of America's chairman and CEO said. He also said he would not join it. 

Foreclosures were up month to month in October, while future indicators, such as mortgage delinquencies and trouble making all debt payments, came in higher as well.

Home Depot said Tuesday that it saw a pickup in demand for seasonal items and supplies for certain outdoor projects, some of which was related to hurricanes that have struck the U.S. in recent months.

The bond-market selloff unleashed by Donald Trump's presidential victory last week ended almost as quickly as it began. 

Origination volumes grew across nearly all sectors of commercial real estate on both a quarterly and yearly basis, according to the Mortgage Bankers Association.

The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.