by Candace Ellington | Oct 2, 2020 | Mortgage News
When the pandemic began, the real estate market took a turbulent but brief turn. Today, market performance is exceeding expectations with favorable trends of low interest rates, high buyer demand and rising home values. In the second quarter, homeowner equity surged...
by Candace Ellington | Sep 18, 2020 | Mortgage News
Nearly 20 million American homeowners qualify for refinance programs that will save them hundreds of dollars per month on their mortgage. Freddie Mac’s Mortgage Market Survey also shows a seven-basis point drop in the 30-year mortgage rate. It’s a new record low. The...
by Candace Ellington | Aug 28, 2020 | Mortgage News
Housing affordability hasn’t looked this great in years. Freddie Mac’s 30-year fixed rate mortgage has led to some of the better home affordability in four years. As of July, buying a home required under 20 percent of the nation’s media monthly income. The consumer...
by Candace Ellington | Aug 12, 2020 | Mortgage News
Despite the economic uncertainty during the COVID-19 pandemic, Americans fueled a remarkable milestone within the real estate market. Homeownership moved significantly in the second quarter, driving the rate to its highest level since 2008. The U.S. Census Bureau...
by Candace Ellington | Jul 16, 2020 | Mortgage News
This spring, a key housing index fell to a record low amid the COVID-19 pandemic. Much to the surprise of many, the market bounced back impressively thanks to consumer confidence and ultra-low interest rates. Fannie Mae’s Purchase Sentiment Index fell 29.5 points in...