At this point, lenders don’t know. Thanks to easy application terms, they’re not sure how many homeowners are at risk and how many took forbearance “just in case.” On Jan. 3, about 1 in 20 mortgage holders (5.5%) were in a forbearance program, according to mortgage bankers.
A Florida Realtors-supported concept – liability protection for COVID-19 claims if businesses “substantially” follow health guidelines – passed its first committee.
The 30-year, fixed-rate mortgage averaged 2.79% this week, a relatively large increase from last week’s record-low 2.65%. But one year ago, the rate averaged 3.65%.
John Burns Real Estate Consulting recognized the nation’s top 50 master-planned communities, saying more than 37,000 people moved to one of them in 2020.
There’s no single goal for scammers who copy pages and change a few details. Some hope to get personal information; others want victims’ rental deposit money.
Will rates keep going up? Maybe. Long-term bond yields are up, often a precursor for mortgage rates, as investors expect a recovery and more money to boost the economy.