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Inventory and Months' Supply
Every month, NAR puts out the latest Existing-Home Sales numbers . One component of this data that often makes it into the news – particularly lately - is inventory levels and months’ supply......

How Mat Ishbia Cashed In On The Biggest SPAC Ever: From Benchwarmer To $13 Billion
...2020, United Wholesale doesn’t work directly with consumers shopping for low mortgage rates online. Instead its loans are sourced by an army of over 30,000 independent brokers, who do the rate......

Mortgage and real estate news this week: Refinancing caution, plus a new chapter in Washington
...since the pandemic began, and that could signal the start of rising mortgage rates . Although the two are not officially or directly linked, mortgage rates tend to follow the general pattern......

2020's Existing-home Sales Attain 14-Year Peak
...year, with more buyers expected to enter the market,” says Lawrence Yun, NAR’s chief economist. “Although mortgage rates are projected to increase, they will continue to hover near record lows......

Mortgage Rates Continue to Hover Near Record Lows
...download Firefox , Chrome , or Edge . January 22, 2021 For nearly a year, mortgage rates have remained near historic lows. The 30-year fixed-rate mortgage fell this......

December 2020 Existing Home Sales Annual Pace Rises to 6.76 Million
NAR released a summary of existing-home sales data showing that housing market activity this December rose modestly 0.7% from November 2020. December’s existing-home sales reached a 6.76 million......

HUD extends its ban on single-family foreclosures and evictions
...Department of Housing and Urban Development on Thursday extended bans on single-family foreclosures and evictions one month to March 31 at the direction of the Biden administration. “President......

Existing-Home Sales Rise 0.7% in December, Annual Sales See Highest Level Since 2006
...22.2% from a year ago (5.53 million in December 2019). "Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic,"......

Home sales hit 14-year high in 2020, and that pushed prices to record levels
...pandemic that battered the economy, but people were still buying homes. Existing home sales in 2020 rose to the highest level in 14 years as prices climbed to a record high. Is working from......

Surprise existing-home sales gain caps best year since 2006
...owned homes increased unexpectedly in December, capping the best year for the housing market since 2006 as historically low mortgage rates helped power demand. Contract closings rose 0.7% from......

Current National Mortgage Rates, January 22nd, 2021 – Rates taper off
Multiple closely watched mortgage rates sunk lower today. The average rates on 30-year fixed and 15-year fixed mortgages both decreased. The average rate on 5/1 adjustable-rate mortgages, meanwhile......

30 Year Interest Rates Today, January 22, 2021 | Rates fall
...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 2.88 percent, dropping 3 basis......

Biden’s Covid Relief Spending Plan: A Harbinger Of The Future
...set to expire. Fifth, Biden would extend the moratorium on evictions and foreclosures. The sixth element was previously announced with Biden’s tax initiatives, increasing the child tax credit......

Low Rates and New Fed Framework Should Help Drive Recovery
...whereas the 2008 global financial crisis (GFC) was caused by an overheated housing market and bank leverage concerns. It took a long time to deliver the appropriate policy prescription during......

Preview of the Fed meeting: 4 key questions puzzling Fed as new coronavirus risks loom
...to address a recent uptick in the 10-year Treasury yield , which influences mortgage rates. The rate on 10-year notes issued by the U.S. government topped 1 percent on Jan. 6 for the first......

The Effects Of Marijuana Legalization On American Real Estate
...have legalized medical marijuana. A report from the National Association of Realtors (NAR) indicates that "states where medical and recreational marijuana have been legalized for more than three......

Commercial/Multifamily Mortgage Debt Has Increased for 33 Consecutive Quarters
...of Governors, Trepp LLC, Wells Fargo Securities LLC, Intex Solutions Inc. and FDIC. Look no further than the challenges of 2020 to get a sense of the ever-changing headwinds and tailwinds that......

Foreclosures fell to record low in 2020 — with a huge asterisk
Despite a deep recession, the U.S. housing market in 2020 set a record for the fewest foreclosures ever. Just 214,323 properties were in some stage of foreclosure last year, well below the......

An overhaul for Fannie and Freddie: What it would mean for mortgage borrowers
...money flowing. The National Association of Realtors supports the utility-like arrangement. Under NAR’s proposal , Fannie and Freddie would operate as regulated monopolies, the housing sector......

Land and Industrial: Brightest Spots for Commercial Real Estate
...transactions volume in the fourth quarter contracted on average by 2% year-over-over. NAR commercial members’ transactions are typically below $2.5 million (small commercial ma......

Instant Reaction: Mortgage Rates, January 21, 2021
Mortgage rates fell slightly this week as mortgage applications decreased. Specifically, the 30-year fixed mortgage rate dropped to 2.77% from 2.79% the previous week. With a new stimulus package......

2020 was a year for the books for the Central Texas housing market
2020 was another banner year for the Austin-area housing market, the Austin Board of Realtors said Thursday. For the 10th straight year, annual home sales in Central Texas and the median price......

Mortgage rates down slightly this week over global health concerns
After last week’s spike, mortgage rates dropped back to near historic lows, as broader worries about the pandemic and the economy came back to the fore for investors. The 30-year fixed-rate......

30-Year Interest Rates for January 21, 2021 | Rates slide
...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 2.88 percent, dropping 2 basis......

Today’s refinance rates move lower – January 21, 2021
...where rates are right now? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most current rates available. Here you can see the latest marketplace average......