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NAR Summit: What 2021 Has in Store for the Economy
...economic challenges and opportunities that lie ahead in 2021, including record low mortgage rates and the possibility of tax hikes under a new presidential administration. One session will......

Sellers Likely to Keep Market Advantage Next Year
...to worsen: “Buyers in 2020 received a huge boost in affordability as mortgage rates pushed to new lows throughout the year. However, a lack of inventory and strong demand drove prices up, erasing......

Will Mortgage Rates Continue to Fall This Month?
Mortgage rates have hit new record lows 13 times this year, the latest in November. But will the downward trend continue this month? Nadia Evangelou, senior economist and director of forecasting......

Mortgage rates make yet another new record low: Bankrate data
Mortgage rates  hit yet another new record low this week. The average 30-year fixed-rate mortgage dipped to 3 percent from 3.01 percent, according to Bankrate’s weekly survey of large......

Another new record for mortgage rates: How low can they go?
...survey included an average total of 0.32 discount and origination points. Mortgage rates have been in steady decline since the coronavirus recession began earlier this year, a trend that has......

Those low mortgage rates are expected to stick around this week
...go up, and 17 percent said they will fall. Where experts see mortgage rates going next week “Rates will stay the same,” said Jennifer Kouchis, senior vice president of real estate lending at......

Renter Affordability Statistics As of 2020 Q3
The housing market has had a spectacular recovery since May, but at the same time, home prices have been surging. This blog explores how much tougher or easier it has become for......

Mortgage applications drop in short week, but purchase volume grows
Mortgage applications decreased 0.6% on a seasonally adjusted basis from one week earlier as the period was truncated by the Thanksgiving holiday, according to the Mortgage Bankers Association......

Mortgage Applications Decrease in Latest MBA Weekly Survey Dec 2, 2020
) -  Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending......

Duluth home prices hit new record as market stays hot
This fall's red-hot housing market has more than made up for time lost to the pandemic this spring. Through October, closed sales in the Duluth area are up 10% over 2019 and are on......

Orlando Multifamily Wrap-Up – November 2020
...announced in recent weeks, especially on the leisure and hospitality front, the housing market is nonetheless on its way to recovery. Check out our November selection of Orlando must-knows: 1......

Current Mortgage Rates, December 2, 2020 | Key rates mixed
Mortgage rates showed no clear direction today. The average for a 30-year fixed-rate mortgage remained steady, but the average rate on a 15-year fixed slid down. Meanwhile, the average rate on......

2021 Housing Forecast: Sellers Will Still Have Upper Hand As Buyers Struggle With Affordability
...prices will make affordability a challenge throughout the year.  “The 2021 housing market will be much more normal than the wild swings we saw in 2020,” said realtor.com chief economist, Danielle......

Current 30 Year Interest Rates, December 1, 2020 | Rates decline
...include information about every financial or credit product or service. 30-year fixed mortgage rates The average rate for a 30-year fixed-rate mortgage is 2.94 percent, declining 10 basis......

Forbearances increase as trend spreads to all loan types
...42% were extended and the remaining 2.24% represented re-entries. A strong housing market fueled by tight supply relative to demand, low mortgage rates and other temporary government measures......

High demand, limited supply continue to push home prices upward
...potential sellers to list during the pandemic remaining a leading constraint on housing market activity, CoreLogic pointed out. On a month-to-month basis, prices grew by 1.1% from September......

COVID Changes Everything About Inflation Expectations
...who remember the runaway inflation at double-digit levels in the early 80s. Mortgage rates, they recall, and remind me often, were as high as 18% back then.  And given the nearly incomprehensible......

Share of Mortgage Loans in Forbearance Increases to 5.54 Percent Dec 1, 2020
...to contain the surge in COVID-19 cases."   Added Fratantoni, "Recent housing market data remain quite strong and we expect that the market is well positioned for additional growth next year......

Metro Denver's housing market has staying power
Metro Denver's housing market seems unstoppable, setting record after record in the resale market and leading the country for the gain in pending new home sales. But the rising tide of COVID-19......

Managing Covid-19’s Impact On Small Businesses: A Conversation With Wisconsin State Treasurer Sarah Godlewski
...serious this problem could be for Wisconsin. Back then, Milwaukee property tax foreclosures increased from 70 in 2008 to over 400 in 2010. By partnering with county treasurers and local social......

Real Estate In 2020: Top Trends In A Year No One Could Have Predicted
...with the headline "Shrinking Homes, More Millennial Buyers Top 2 U.S. Housing Market Predictions for 2020." Last December, there was every reason to make both of these predictions. With the pandemic......

A Look Back At Housing 2020: Endless Eviction Bans
...by government action on Covid-19 is now a fixture of the rental housing market. I’ve written about it often and from the beginning . There was no “eviction crisis” to begin with. Evictions have......

Rosewood Washington DC Launches New Townhouses: Just In Time For The Presidential Transition
...in DC between Election and Inauguration Days—resulting in spikes in home rentals, home sales and purchases, and searches for temporary quarters for soft landings.  “In past elections, regardless......

Rental Market Poised for Boost As Homes Become Unaffordable
...cut costs. For the second consecutive month, pending home sales fell slightly in October, dipping by 1.1%......

Today’s Mortgage Rates, December 1, 2020 | Rates ease
Several benchmark mortgage rates receded today. The average rates on 30-year fixed and 15-year fixed mortgages both tapered off. The average rate on 5/1 adjustable-rate mortgages, meanwhile, held......