Wednesday , 21 October 2020

Buzz Feed

Mortgage Rates Reach All-Time Low

Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past couple weeks, and the Q3 forecast from Freddie Mac, published this week, reinforces as much: “Even … The post Mortgage Rates …

Read More »

The Housing Market’s ‘Remarkable Comeback’

Even as businesses begin to reopen, the unemployment rate remains a cause for concern among economists. That makes for much fiscal uncertainty. But despite weakness in the labor market, the housing sector remains robust—it has been reported over the past couple weeks, and the Q3 forecast from Freddie Mac, published this week, reinforces as much: … The post The Housing …

Read More »

Mortgage Loan Applications Decline—But Not All Have Decreased

The Mortgage Bankers Association (MBA) reported that there was a 0.7% decrease in mortgage application volume on a seasonally adjusted basis for the week ending on October 9, 2020 from the previous week. This was a 1% decrease on an unadjusted basis. The Refinance Index declined by 0.3% from the week prior and the Purchase … The post Mortgage Loan …

Read More »

Mortgage Rates Hit Record Lows but Applications Fell Flat; Maybe Rates Aren’t Exactly at Record Lows?

The volume of mortgage applications dipped slightly last week. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was down 0.7 percent on a seasonally adjusted basis during the week ended October 9 and was 1 percent lower on an unadjusted basis. The Refinance Index slipped 0.3 percent from the previous week and was …

Read More »

Luxury Housing Market Booms as Affordable Home Sales Falter

The third quarter saw the largest increase of luxury home sales since 2013 with a 41.5% increase year-over-year, according to a report from Redfin. At the same time, “expensive” home sales rose by just over 17% year-over-year. Mid-priced home sales went up by 3% and affordable homes went down by 4.2%. The most affordable housing … The post Luxury Housing …

Read More »

A ‘Record-Breaking’ Year for Mortgage Backed Securities

Ginnie Mae announced that it issued $748 billion in MBSs in the fiscal year ending September 30, which it said resulted in more than “2.8 million households securing affordable homeownership and rental housing.” The dollar amount, according to Ginnie Mae, is a result of “historically low mortgage rates” and a high demand for residential property. … The post A ‘Record-Breaking’ …

Read More »

A ‘Record-Breaking’ Year for Mortgage Backed Securities

Ginnie Mae announced that it issued $748 billion in MBSs in the fiscal year ending September 30, which it said resulted in more than “2.8 million households securing affordable homeownership and rental housing.” The dollar amount, according to Ginnie Mae, is a result of “historically low mortgage rates” and a high demand for residential property. … The post A ‘Record-Breaking’ …

Read More »

COVID-19’s Impact on the Residential Rental Market

COVID-19 has created significant problems in the residential rental market, with dramatic increases and decreases in rents in certain regions of the country—that is supported by a report from AdvisorSmith, which studied patterns in rental prices in more than 500 U.S. cities to determine which are experiencing the most fluctuation. “The arrival of the pandemic … The post COVID-19’s Impact …

Read More »