SEPTEMBER 21, 2020 JORDANREED NEWS Last Week in Review: The Fed Spoke, the Markets Reacted Last Wednesday, the Federal Reserve issued its Monetary Policy Statement and held a press conference. An unofficial mandate for the Fed is to maintain “market…
BY: JANN SWANSON Oct 27 2020, 11:57AM The U.S. homeownership rate in the third quarter fell back slightly from the prior quarter. The second quarter saw the highest level for homeownership since the second quarter of 2008. Homeownership in the third…
While the Great Recession from 2007 to 2009 was especially hard on homeowners, all signs point to things being different this time around. Although COVID-19 has pushed the country into a recession once again, there's reason to believe home prices will stay…
By; Peter Warden Forecast plus what’s driving mortgage rates today Average mortgage rates rose yesterday. It wasn’t a big movement but it took that average back up to last Thursday’s level. You have to go back to May 19 to…
By Brian O'Connell Mortgage refinance rates are on a downward trend with the shadow of COVID-19 looming over the U.S. economy. Major mortgage lenders are in agreement that mortgage rates will continue to slide to historically low levels. Wells Fargo estimates a 2.93 percent rate for…
By: Peter Miller The Mortgage Reports Contributor How COVID-19 fundamentally changed mortgages Mortgage rates, mortgage applications, and the ways lenders do business have all been impacted by the coronavirus. That’s no surprise. We’re facing a pandemic that has led to unemployment…
By Brian O'Connell With mortgage rates in decline, more Americans will try to land a new home at a great deal or refinance an existing one. Along the way, watch out for these “mortgage myths.” (iStock) The average 30-year fixed mortgage rate stands…
By Carisa Chappell How to get the best mortgage refinance rates If you’re looking to refinance your mortgage, now’s not the time to sit on the fence. In March, the Federal Reserve issued emergency rate cuts and by May, mortgage rates dropped to…
By Rebecca Lake Some Americans have had trouble paying their mortgages amid financial hardship due to COVID19. That's why the federal government passed the CARES Act to offer relief for homeowners in the form of mortgage forbearance. One side effect of allowing borrowers to defer mortgage payments,…
By: Sarah O’Brien I just refinanced my mortgage, despite coronavirus. Here’s what I learned The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder…
