Is the housing market already rebounding from COVID-19?
Cabin fever is a real thing. And you don’t have to live in a cabin to get it. With everyone chomping at the bit to get back to “normal,” I… Read more »
Category: General
Homebuilder Confidence on the Rise
According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »
The Week Ahead: Will Housing Starts, Permits Rebound?
The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April. Numbers last month for March found housing data fell off the cliff. Housing… Read more »
Mortgage applications for home purchases increase
Applications for mortgages to purchase homes gained for the fourth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. A seasonally adjusted index measuring purchase… Read more »
Mortgage industry lays out its case for widespread coronavirus emergency relief
The mortgage industry’s biggest trade and lobbying groups are banding together to push the federal government for widespread relief for all borrowers affected by the coronavirus outbreak in the U.S…. Read more »
Here’s what it would take for mortgage rates to sink even lower
Two weeks ago, I theorized for a Bankrate.com expert poll that the 10-year yield could go below 1% if headlines about coronavirus in the U.S. got worse. Within those two… Read more »
Mortgage rates fall to an all-time low
The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac in a series that goes back to 1971. The… Read more »
Federal Reserve makes emergency rate cut amid coronavirus fears
The Federal Reserve unexpectedly cut its benchmark rate by half a percentage point in an effort to bolster the economy and calm coronavirus fears. “The coronavirus poses evolving risks to… Read more »
Mortgage rates return to 3-year low
The average U.S. fixed rate for a 30-year mortgage fell to 3.45% this week, matching the three-year low set three weeks ago. The rate declined as global money managers spooked… Read more »
U.S. home prices rise by 4% in December
Be forewarned! Not every home in every market went up by exactly this amount! to get a better grasp of whats going on in your neighborhood contact us via the… Read more »