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UI Says HARP 2.0 Could Help Pandemic-Era Borrowers; Rates Back to Recent Lows
The Urban Institute (UI) is advocating for a streamlined refinancing program similar to the Home Affordable Refinance Program (HARP) which aided many homeowners during the Great Recession to assist those impacted by the pandemic. HARP, which was used by more than 3.4 million borrowers between 2009 and 2018, offered simplified documentation, automated appraisals, no or […]
Pending Home Sales Inch Back 0.3% in December
Pending Home Sales Inch Back 0.3% in December Despite dropping slightly in the last month of 2020, the latest pending home sales registered as the highest ever recorded in the month of December. Media Contact: Quintin Simmons 202-383-1178
Nice Bounce Back For Mortgage Rates After Rocky Start This Week
Posted To: Mortgage Rate Watch Earlier in the month, mortgage rates rose somewhat abruptly as lenders got in a defensive position ahead of the election. They’d learned in 2016 just how volatile the bond market (the key ingredient in the rate movement equation) could be after an election and it made sense to minimize exposure […]