Iran conflict lifts mortgage rates, but housing demand stays positive

Key insight: Though FirstSun Capital characterized a $22 million fraud-related loss as “isolated,” another lender said fraud is becoming an increasingly serious problem. Forward look: FirstSun said its second-quarter charge-offs could reach $43 million, compared with less than $11 million for the three months ending March 31. Expert quote: “We treat everything we receive as…

FIFA’s Infantino Faces IOC Ethics Complaint Over Alleged Trump Support FIFA President Gianni Infantino Under Scrutiny for Political Neutrality By Rohith Nair Background of the Complaint MIAMI, July 8 (Reuters) – FIFA President Gianni Infantino could face an investigation by the International Olympic Committee after a rights group announced plans on Wednesday to file a…

In February 2026, the 30-year fixed rate had dipped as low as 6.09%, before rising back above 6.25% in March and climbing further to the 6.5% range by June as inflation and geopolitical pressures built. The collapse of a fragile US-Iran ceasefire pushed rates back toward that level again in July: the 30-year fixed-rate mortgage…

New York State awarded $1 billion in housing bonds and subsidies in the latest push from Gov. Kathy Hochul as part of her broader $25 billion five-year housing plan.  The funds were awarded by New York State Homes and Community Renewal to 12 housing development projects that aim to create or preserve 2,754 apartments across…