Forbearances Keep Climbing; Should You Wait For Lower Rates?
Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower? This is an age old question any time rates fall to long-term lows. In the past, the answer has been pretty easy . […]
Top 5 Vacation Home Destinations
Top vacation home counties are those where the vacant housing for seasonal, recreational, or occasional use made up 20% or more of the county’s total housing stock. www.nar.realtor – Vacation, Resort, and Second Homes
MBS RECAP: Bonds Break Key Levels After Fed
Posted To: MBS Commentary Bonds Break Key Levels After Fed Both MBS and Treasuries were right on the edge of their recent ranges heading into Fed day. MBS broke their range right out of the gate while Treasuries waited until the Fed was done before their breakout. If this positive momentum retreats tomorrow, it will […]
Comparing Mortgage Payment Status by State
NAR has analyzed the ability of mortgage holders to meet their mortgage payments by state, age group, and income. www.nar.realtor – Research
Top Vacation Home Counties
NAR has identified vacation home counties, the least expensive and most expensive areas, and the income profile of buyers who can afford to purchase a vacation home. www.nar.realtor – Vacation, Resort, and Second Homes
Nearly 25% of all loans, credit cards and mortgages are in financial hardship programs
As of June, 24.6% of all consumer credit products, including credit cards, mortgages, auto loans and personal loans are in some type of financial hardship program, according to TransUnion….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Court Upholds Denial of Short-Term Rentals
The Pennsylvania Supreme Court upheld the ruling that a local zoning ordinance clearly and unambiguously excluded purely transient uses of property. www.nar.realtor – Vacation, Resort, and Second Homes
Goldman Sachs CEO David Solomon on US economic outlook: `We’re in for a very bumpy ride’
While there has been an uptick in economic activity since the early weeks of the pandemic, a continuing surge in cases has forced several states to halt or reverse their reopening plans…(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The […]
Homeowners Feel Ready to Sell
77 percent of Americans think that now is a good time to sell a home, a new record high. www.nar.realtor – Real Estate Story Ideas
The Downside of Ultra Low Rates; Builder Confidence Fully Recovered?
The Downside of Ultra Low Rates Actions and reactions are as true in the bond market as in the natural world. The equal and opposite reaction to a sub 3% 30yr fixed rate is a spike in the supply of new MBS. From there, supply/demand 101 says we should see downward pressure on prices. That’s […]