May 29, 2020
“Mortgage rates fell to an all-time low this week, a boon for home buyers and owners alike who can lock in the rate. The rate for the 30-year fixed mortgage dropped to 3.15%, according to Freddie Mac, an agency that… Continue Reading…
May 25, 2020
“Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet. More than 4.1 million homeowners are in forbearance plans now, according to the latest data from… Continue Reading…
May 5, 2020
“The number of people seeking to have mortgage payments paused or reduced rose to 7.5% as of April 26 from 7.0% a week earlier as the economic effects of the novel coronavirus outbreak stretched household finances, figures from the Mortgage… Continue Reading…
April 3, 2020
“Fannie Mae and Freddie Mac, the government-controlled companies that guarantee nearly half of US mortgages, could require their second bailout in just over a decade if the US economy remains in a lockdown for several months, their regulator has warned.… Continue Reading…
March 9, 2020
“According to Freddie Mac, mortgage rates hit a record 3.29% in the week, the lowest level in its nearly 50-year history. While rates were on the slide, mortgage applications jumped by 10% in the last week from 1-year ago, with… Continue Reading…
December 4, 2019
“The National Association of Realtors said Wednesday that its pending home sales index, which measures the number of purchase contracts signed, fell 1.7% last month. The signed contracts become final purchases 1-2 months later. Still, declining mortgage rates over time have lifted… Continue Reading…
November 4, 2019
“Apple on Monday announced a $2.5 billion plan to help address the housing crisis in California, becoming the latest tech giant in the state to address a problem that it helped cause… Apple joins other Big Tech companies based in… Continue Reading…
October 17, 2019
“Housing inventory hit a record low about two years ago, but a lull in home sales over the past year helped build back much-needed supply, especially in the mid-priced range. Then a sharp drop in rates this summer brought demand… Continue Reading…
October 4, 2019
“The Manhattan real estate market stumbled in the third quarter of 2019, new reports show, as prices plunged and fewer buyers were willing to purchase higher-priced properties in the wake of two recent tax increases. The median sales price for properties… Continue Reading…
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