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Instant Reaction: Jobs, December 4, 2020
“The housing market has been soaring despite the subdued job market due to the record low mortgage rates. However, the rates will not fall further, so the jobs recovery becomes even more......

Nonbank mortgage payrolls set new record, rise above the 350,000 mark
...than nonbank mortgage jobs. That, in addition to supply constraints in the housing market and an additional fee applied to some refinances starting in December all suggest there could be limits......

FHFA Extends Foreclosure, REO Eviction Moratorium to Jan. 31
...borrowers who are struggling with their mortgage . View this video featuring Megan Booth, NAR's director of Federal Housing and Policy, sharing the association's stance on the eviction moratorium...

Mortgage Amounts Surge to Record Highs
...buyers are taking on bigger mortgages as they compete in a fierce housing market and face higher home prices. The average home purchase loan amount reached $375,000 last week, according to the......

It’s Another Record Low for Mortgage Rates: 2.71%
...search. IE users, please download Firefox , Chrome , or Edge . December 4, 2020 Mortgage rates are on a continuing streak of record lows. For the fourteenth time......

Mortgage industry roars to best year ever, courtesy of the Fed
...CEO and founder Rob Posner said in an interview. Big margins While mortgage rates have never been this low, they could be lower. Most loans are sold and then packaged into bonds. The Fed......

A Look Back At Housing 2020: Relief, Reality, And Rationality
...modern time.” My last few posts remind me of the series; the housing market in the United States really is seconds from disaster at least figuratively. What can stop this from becoming a disaster......

Tahoe’s Surging Luxury Market Blows Past $2 Billion In Sales Volume
...the record-setting pace that began during the summer months. The surge in home sales is fueled by several factors, including a steady migration of well-heeled Bay Area residents and record-low......

Current Mortgage Refinance Rates, December 4, 2020 | Rates drop off
...see today’s average rates? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most up-to-date rates available. Here you can see the latest national average......

Today’s Mortgage Rates, December 4, 2020 | Rates abate
Multiple benchmark mortgage rates slid lower today. The average rates on 30-year fixed and 15-year fixed mortgages both ticked downwards. Meanwhile, the average rate on 5/1 adjustable-rate mortgages......

Small Is Beautiful Again: 100 High Performance Small Cap Stocks
...dwellers during coronavirus. Shares have soared over 90% in 2020 as its home sales revenues near $1 billion. “Housing appears to be a major beneficiary from the pandemic, as low rates combined......

Coronavirus vaccine, November jobs report, marijuana legalization bill: 5 things to know Friday
...expect a robust holiday shopping season this year, buoyed by a strong housing market and increased savings, but COVID-19 remains a wild card. Macho Time! Showtime film chronicles turbulent life......

Instant Reaction: Mortgage Rates, December 3, 2020
Mortgage rates hit a new record low this week, decreasing the spread with the 10-year Treasury rate to a more normal range. Specifically, the 30-year fixed-rate mortgage fell slightly to an......

Housing Heat Index: Which state real estate markets are doing the best, worst during the coronavirus boom?
Before the coronavirus recession, Utah’s housing market was on fire. Then came the COVID-19 pandemic, which sent residents of Northern California and Seattle in search of affordable homes and......

What is redlining? A look at the history of racism in American real estate
...their own risk assessments, which take things like the stability of the housing market and existing property values into account. “It’s like racism. We went from White-only bathrooms and entrances......

Mortgage firms set new record for per-loan profits even as costs rise
...does, forecasts predict that other developments will contribute to upward pressure on mortgage rates next year. “Rates are going to rise, there is going to be some consolidation in the mortgage......

Sellers Cool on Instant Offers as iBuyers Pull Back
...operations, they're finding less sales activity coming their way as the housing market sees booming sales from consumers. Many iBuyers paused home purchases in mid-March as the COVID-19 outbreak......

38% of Renters Can Afford to Buy a Home
...13 years of savings to make a 10% down payment, according to NAR’s analysis. “As mortgage rates have fallen and incomes have increased, the fraction of renters who can afford to purchase a......

REALTORS® Increase Their Giving, Volunteerism During the Pandemic
...seen countless examples of this play out nationwide during this pandemic,” says NAR President Charlie Oppler. “To hear that my colleagues in the real estate industry have pitched in to an even......

The economy is screaming out for help. Struggling Americans need Washington to listen
...looming expiration dates for unemployment benefits and for moratoriums on evictions and foreclosures," the Beige Book said. Economists at Jefferies called it "one of the most troubling Beige......

The economy is screaming out for help. Washington needs to listen
...looming expiration dates for unemployment benefits and for moratoriums on evictions and foreclosures," the Beige Book said. Economists at Jefferies called it "one of the most troubling Beige......

Mortgage rates drop to another record low
Mortgage rates fell to another record low last week, for the 14th time this year. Mortgage rates are at historic lows. Should you refinance? The average interest rate on a 30-year......

What America’s 15 Hottest Real Estate Zip Codes Say About The Future Of The Housing Market
...the same thing—only faster. COVID-19 has triggered transformations to America’s residential housing market on a compounding scale that we haven’t seen since the Great Depression: from panic......

Mortgage rates fall to new low, despite spike in Treasury yields
Mortgage rates dropped a basis point this week, reaching the lowest level since Freddie Mac started tracking this data, even though yields on the benchmark 10-year Treasury increased 7 basis......

FHFA extends foreclosure and eviction moratorium
Fannie Mae and Freddie Mac will extend the moratoria on foreclosures and evictions until “at least” Jan. 31, the Federal Housing Finance Agency announced Wednesday. “Extending Fannie Mae and......