Cheap Money Fuels the COVID-19 Housing Recovery
According to Freddie Mac’s latest Primary Mortgage Market Survey for Mid-July 2020, the 30-year fixed-rate mortgage in the U.S. averaged 2.98 percent, the lowest rate in the […]
Loans & Mortgages
Mortgage Rates Hit Another All-Time Low
Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that […]
Homebuyers Rush to Capitalize on Historically Low Mortgage Rates
Historically low mortgage rates are enticing homebuyers across all parts of the U.S. to breath life in the housing market, amid a global pandemic and […]
New Mortgage Applications Down and Loan Forbearance Numbers Up, Says MBA
New Mortgage Applications Drop by 12 Percent from Last Year According to the most recent Mortgage Bankers Association Builder Application Survey data for April 2020, mortgage applications […]
Mortgage Rates Fall to a Historic Low
Mortgage rates fell to their lowest level since Freddie Mac started reporting this data in 1971, as the coronavirus shutdown continued to play havoc with […]
Coronavirus Real Estate Update #4: The Pain Starts Spreading
Local directives of Shelter-In-Place, Social Distancing and the mass closure of a vast array of businesses (restaurants, bars, malls, theatres, etc.) has resulted in 16 […]
Coronavirus Real Estate Update #3: Mortgage Lending in Crisis
Today there are two updates from the mortgage lending world related to the Coronavirus pandemic: Mortgage lenders are tightening lending rules, as well as a […]
Coronavirus Real Estate Update #2
The coronavirus pandemic continues to impact all facets of life, including the real estate industry. In the first update, we covered policy decisions to halt […]
Coronavirus Update #1: Foreclosures Halted, Refinance Rush, New Tax Deadline
The unprecedented consquences of the global spread of coronavirus is rapidly changing the economic landscape, including the impact on real estate and finance. Evictions and […]
Fears of Coronavirus Drive 30-Year Fixed Rates Down to an 8-Year Low
Fears of an economic slowdown drove down mortgage rates to an average of 3.23 percent, substantially lower than the average of 4.47 percent on February […]