September 30, 2016
- The Federal Open Market Committee were unable to raise the interests rates in September 2016. This is the lowest rates to surface in ten weeks.
- The Federal Housing Administration is proposing a new regulation for the approval of process of condominiums. Part of this proposal will be to shift the two year renewal certification requirement to a three year renewal requirement.
- The Office of Policy Development and Research completed a report regarding the affect of homeowners receiving prepurchase counseling. The report determined that individuals that receive counseling are 1/3 less likely to become delinquent within the first two years of their home ownership.