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Online shopping for city homes is on the rebound: Redfin
...space to accommodate remote work as the pandemic persists — but record-low mortgage rates are motivating people to search in cities, too," said Redfin Chief Economist Daryl Fairweather in a press......

FHFA Increases Conforming Loan Limits for 2021
...to see the FHFA raise its national conforming loan limits for 2021,” NAR President Charlie Oppler said in a statement. “With an assurance that loan limits will align with home price growth, this......

October 2020 NAR SentriLock Home Showings Report
The new indicates that there was a slight decrease in nationwide foot traffic on a month-over-month basis, but showings activity remain at elevated levels with respect to year-over-year activity,......

New-home sales remain elevated in October at 999,000 pace
...since 2006 and well above pre-pandemic levels, the latest sign that record-low mortgage rates are underpinning robust buyer interest. Purchases of new single-family houses dropped 0.3% from......

Mortgage rates remain at record lows, driven by Fed QE buying
Mortgage rates remained unchanged at their record lows heading into the Thanksgiving holiday, as investors reacted to a growing resurgence in coronavirus cases. Another factor in both rates......

DOW 30,000: Why Now Is The Time To Give Up On Growth
...time for the economic effects of a wave of bankruptcies, evictions, and foreclosures to rip through the US economy and cause all sorts of angst on Wall Street. The next round of stimulus is not......

30-year mortgage rate holds at record low, says Freddie Mac
...With the U.S. economy in recession because of the coronavirus pandemic, mortgage rates have plunged. The 15-year fixed mortgage rate also held at its lowest-ever average: 2.28 percent. In ......

Mortgage applications rises as rate volatility boosts activity
Mortgage applications increased 3.9% from one week earlier as another week of record low rates drew more borrowers into the market, according to the Mortgage Bankers Association. "Weekly mortgage......

San Diego home prices rising at rates not seen since 2014
...pandemic. Zillow economist Matthew Speakman said price gains are the result of mortgage rates at record lows and a lack of homes for sale nationwide. He said competition for homes has put upward......

How the market rally defied a pandemic
...The economic recovery has proved surprisingly resilient in certain sectors, with US home sales rising to a 14-year peak in October, while retail sales are higher than ever.Multiple Covid-19 vaccines......

Mortgage Applications Increase in Latest MBA Weekly Survey Nov 25, 2020
) - Mortgage applications increased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending......

Mortgage Interest Rates Today, November 25, 2020 | Rates slide
Several key mortgage rates ticked downward today. The average rates on 30-year fixed and 15-year fixed mortgages both were down. On the variable-mortgage side, the average rate on 5/1 adjustable-rate......

30-Year Mortgage Rates for November 24, 2020 | Rates up
...a month ago, that’s $0.54 higher. Learn more about 30-year mortgage rates , and compare to a variety of other loan types. 30-year refinance rates The average rate to refinance a 30-year fixed-rate......

Pandemic heats up US housing market
...economy, the country’s housing market is booming. People...

What Real Estate Has to Be Grateful for in 2020
...still raging, people are searching for reasons to feel gratitude this Thanksgiving. The housing market has emerged as an economic bright spot. While the nation continues to feel the widespread......

Mortgage rates just dropped to a new record low: Bankrate data
Mortgage rates  hit new record lows this week heading into the Thanksgiving holiday. The average 30-year fixed-rate mortgage dipped to 3.01 percent from 3.03 percent, according to Bankrate’s......

30-year jumbo mortgage rate falls to new record low
...need to stay on the bank’s books for the duration. Falling mortgage rates over the last few weeks have somewhat defied expectations. Most experts expect rates to remain stable this week because......

Mortgage rates hit another record low, despite optimistic economic signs
...does not include information about every financial or credit product or service. Mortgage rates  fell this week, reaching another record low, according to a Bankrate survey released Tuesday......

FHFA conforming loan limits to rise 7% for 2021, reflecting hot housing market
... for the third quarter. Since the coronavirus recession began this spring, the housing market has been on fire — inventories are tight, buyer demand is strong and mortgage rates have fallen to......

These experts predict mortgage rates will take a holiday this week
...to rise and 9 percent expected them to fall. Where experts see mortgage rates going next week “With the holiday upon us it should be a quiet week for the markets. I would expect rates to stay......

5 key steps in the mortgage underwriting process
...on the complexity and size of the home. 4. Title search and title insurance A lender doesn’t want to lend money for a house that has legal claims on it. That’s why a title company performs......

More Homebuyers Purchasing Property in the Suburbs, Small Towns, or Rural Areas
...from the cities to the suburbs, or to smaller, less dense counties. NAR’s October REALTORS® Confidence Index Report indicates that this is happening. Among respondents who closed a sale in October......

REALTORSĀ® Confidence Index: October 2020 Highlights
...44 in September 2020). 2 REALTORS® expect a 0.5 increase in home sales in the next 3 months vs the same period one year ago. REALTORS® expect a 1.6 increase in home prices in the next 3 months......

December Outlook: Whipsaw Pause Eyed With Market Balanced Between Virus Fears, Hopes
...in mid-November for the first time in more than a month. The housing market still looks solid, but there’s concern this coming payrolls report could reflect slower jobs growth as virus-related......

Housing prices continue historic rise, setting new record
...September, compared with a 5.8 percent rise in August. “Record low mortgage rates, the geographic flexibility of work-from-home, and demand that far exceeds the limited supply of homes available......