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How You Can Help Meet the Needs of Hispanic Homebuyers
According to the National Association of REALTORS®’ (NAR) 2022 Snapshot of Race and Home Buying in America, the homeownership rate for Hispanic Americans has increased to 51.1%, its highest level in history. As we move into Hispanic Heritage Month (September 15 – October 15), it’s an opportune time to reflect on how agents can better… […]
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 […]
Expirations Help Forbearance Numbers; Rates Under Pressure Despite Weak Jobs Report
Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely […]