3Week

August 8, 2021 Residential Real Estate No Comments

Rates at 3-Week Highs, More Volatility Ahead

Rates were excellent at the beginning of the week, but that began to change on Wednesday. We were already well on our way to 3-week highs on Thursday, and Friday made it official. Notably, these 3-week highs are still historically low. Friday’s main source of drama was the strong jobs report from the Labor Department. […]

August 7, 2021 Residential Real Estate No Comments

Underwater Homes Drying Up; Forbearances Decline; 3-Week Mortgage Rate Highs

Thanks to rising home prices. hardly any homeowners find themselves underwater on their mortgages and the few that do are concentrated in a few cities and towns. In fact, ATTOM says that more than one-third of mortgaged homes in the country are considered “equity rich” with a combined loan-to-value (CLTV) ratio below 50 percent. The […]