Category: Housing & Rent
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New Fair Market Rents take effect today and reset what every housing voucher pays
HUD’s Fair Market Rents for fiscal year 2027 take effect today, October 1, 2026. The rents are the benchmark behind every Housing Choice Voucher payment standard, so a new set matters to the households holding vouchers, the landlords renting to them and the local housing agencies that sit in between. The notice gives one national…
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Maryland homeowners earning up to $60,000 must apply for a property tax credit by Oct. 1
Maryland homeowners with combined gross household income of up to $60,000 must apply for the state’s Homeowners’ Property Tax Credit by Oct. 1, which falls on Thursday. The State Department of Assessments and Taxation still lists the 2026 application as open, and its online form closes at 11:59 p.m. Eastern that day. The credit limits…
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A Pennsylvania senior with $15,000 in income gets a $770 property tax or rent rebate, with applications due Dec. 31
Pennsylvania’s Property Tax/Rent Rebate pays a senior with $15,000 of countable income a rebate of $770, according to the Department of Revenue’s bracket table. That amount belongs to a band running from $8,551 to $16,040 of annual income. Older residents, widows and widowers, and adults with disabilities have until Dec. 31, 2026 to file for…
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Rents are down 4.3% in a year in San Antonio and 3.6% in Las Vegas, while San Francisco’s are up 26%
A renter in San Antonio is paying 4.3% less than a year ago. A renter in Las Vegas is paying 3.6% less. In San Francisco, the same comparison runs the other way, with rents up 26%. Those are the year-over-year figures in Apartment List’s September rent report, published Sept. 29, and they show how little…
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Rents slipped in September for the first time since January, with the national median at $1,388, Apartment List says
The national median rent slipped to $1,388 a month in September, Apartment List reported on Sept. 29, the first monthly decline since January. The move was 0.1%, roughly $2 below August’s $1,390, which is far too small to change any one lease. It does close a stretch of seven straight monthly increases, and it lands…
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Trump moved to cancel $56 million in HUD housing counseling support for nonprofit groups in his pocket rescission
Housing counseling agencies that help renters and homeowners navigate evictions, foreclosures and disaster recovery are set to lose $56 million in federal grant money. The White House listed the cut as part of roughly $810 million in spending it is canceling through a maneuver known as a pocket rescission. Lawmakers and government watchdogs are already…
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Nearly half of August homebuyers, 44.7%, got concessions from sellers, the highest August share since at least 2020, Redfin says
Nearly half of the people who bought a home in August, 44.7%, walked away with some kind of concession from the seller, according to Redfin. That is the highest share for any August since the brokerage began tracking the number in 2020, and it is up from 42.6% a year earlier. The trend points to…
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Fannie Mae will let mortgage companies tell homeowners when rising home values may let them drop private mortgage insurance
Fannie Mae will update its mortgage-servicing guide so loan servicers can proactively tell homeowners when a rising home value or a paid-down balance makes them eligible to cancel private mortgage insurance, under a directive from FHFA Director Bill Pulte. The change would let a servicer reach out once a loan’s balance falls to 80% of…
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The 15-year mortgage rate climbed to 6.42%, up from 5.49% a year ago
Borrowers who choose the shorter, faster-payoff option saw their own weekly number move higher too. The 15-year fixed-rate mortgage averaged 6.42 percent this week, up from 6.26 percent the week before and 5.49 percent a year earlier, according to Freddie Mac’s Primary Mortgage Market Survey. Lenders typically use the 15-year loan for refinancing or for…
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The 30-year mortgage rate averaged 7.03%, up from 6.30% a year ago
The average rate on a 30-year fixed-rate mortgage rose to 7.03 percent this week, up from 6.95 percent the week before and 6.30 percent a year earlier, according to Freddie Mac’s weekly Primary Mortgage Market Survey. The move pushed the benchmark rate above the 7 percent line, a threshold that adds noticeably to the monthly…
