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Purchase volume to hit record highs over the next 3 years: MBA
...be a 10% gain in existing-home sales and a 12% rise in new home sales , MBA predicted. "Moving from a period where rates are at a record low to a period where rates are somewhat higher, we......

30-year mortgage rate edges above a record low this week
Mortgage rates  edged up slightly this week from record lows. The average 30-year fixed-rate loan rose to 3.06 percent from 3.05 percent, according to Bankrate’s weekly survey of......

Homebuilding Is Booming, But Is It Enough?
...plunging 16.3% last month to a pace of 307,000. “The housing market remains a bright spot in the U.S. economy, and that is reflected in the positive housing starts report,” says Chuck Fowke......

Mortgage rates tick up ever so slightly from record low
...does not include information about every financial or credit product or service. Mortgage rates rose — but just barely — this week, edging above last week’s record lows, according to a Bankrate......

Southern California median home price up 15% in September
Southern California home sales and prices surged higher in September, the latest evidence of a hot housing market during the global COVID-19 pandemic. The six-county region's median price rose......

MBA Forecast: Purchase Originations to Increase 8.5% to Record $1.54 Trillion in 2021 Oct 21, 2020
...Forecasting; and Marina Walsh, CMB, Vice President of Industry Analysis. With record-low mortgage rates driving sustained borrower demand, MBA forecasts mortgage originations to total $3.18......

Mortgage applications dip, but low rates keep buyer demand strong
Mortgage applications decreased 0.6% from one week earlier, although a slight drop in purchase volume belied the fact that consumers are taking advantage of the current rate environment, according......

Mortgage Applications Decrease in Latest MBA Weekly Survey Oct 21, 2020
) -  Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending......

Cuomo Extends New York Eviction Ban—Again
...York governor Andrew Cuomo extended the ban on Covid-related commercial evictions and foreclosures on Tuesday. Landlords are now prevented from attempting to oust commercial tenants through January......

30-Year Mortgage Rates for October 21, 2020 | Rates move upward
...not include information about every financial or credit product or service. 30-year mortgage rates The average rate for a 30-year fixed-rate mortgage is 3.04 percent, rising 1 basis point......

Current Mortgage Rates, October 21, 2020 | Rates move higher
Multiple key mortgage rates climbed today. The average rates on 30-year fixed and 15-year fixed mortgages both cruised higher. The average rate on 5/1 adjustable-rate mortgages, meanwhile, dropped......

Millions Of Homes Are At Risk Of Wildfires, But It's Rarely Disclosed
...of the real estate bust, and we'd had a lot of foreclosures," Budd says. "We felt what was being recommended wasn't taking those things into consideration." Today, the REALFire program inspects......

Will the Return of iBuyers Be a Challenge for You?
...like real estate brokerages, are looking to diversify their offerings by adding title insurance, escrow, and mortgage services. Data shows consumers continue to favor the human interaction of......

More People Saving For Emergencies As Use Of Mobile Banking Soars
...as the use of mobile banking soars, the Federal Deposit Insurance Corporation (FDIC) revealed in a report on the ways Americans bank. Saving for emergencies and the unexpected such as a sudden......

Think Small: Timely Picks To Capture The Reawakening Of Small-Cap Growth Stocks
...shift to work-from-home has accelerated home loan applications, accompanied by ongoing low mortgage rates. LGI expects to close 8,000‒8,800 homes in 2020, with adjusted gross margin of around......

Are CDs safe?
...funds in a CD at a bank, the Federal Deposit Insurance Corporation (FDIC) keeps that money safe. And if you open a CD at a credit union, the National Credit Union Administration (NCUA) offers......

Bidding wars boom as homes spend as little as 4 days on the market
...again quintupled the year-ago rates : in September 2019, only 11% of home sales underwent bidding wars. "Homebuyers are still sweating as they navigate what remains an unseasonably hot seller......

Are Low Mortgage Rates to Blame for High Home Prices?
...in real estate predicted to occur in a recession. But could low mortgage rates—the 30-year fixed-rate mortgage hit a record-low average of 2.81% last week—be partially to blame? “The combination......

September 2020 NAR Sentrilock® Home Showings Report
The new September 2020 NAR Sentrilock Home Showings Report indicates a slight decrease in nationwide foot traffic, but showings remain at historically elevated levels as home showings for three......

Moving homes during COVID-19
...living in the suburbs. This has led to other issues, including a housing market oversaturated with buyers. Whatever the reason may have been or will be for your move, 22% of people having to......

Bay Area homebuyers scoop up shrinking inventory at furious pace
...continued its roaring recovery in September, as buyers took advantage of ultra-low mortgage rates to scoop up a shrinking number of homes for sale at an astonishing pace. The median price for......

Student Housing Development Trends to Keep an Eye On
...AMCAL Equities. Here’s what the Swenson executive thinks about the student housing market in San Jose.  READ ALSO : COVID-19’s Impact on Student Housing Under Review How is housing demand......

Top Stocks To Buy Today As Markets Rally Amid Strong Earnings
...data this week will be released as well, including updates on the housing market, the Conference Board's leading economic index, and the IHS Markit update on manufacturing and services purchasing......

Housing starts increase amid shift to single-family homes
...the pandemic as Americans seek more space and flock to suburbs. "Rock-bottom mortgage rates and families looking for more space are fueling demand and more than offsetting the impact of labor......

Current Mortgage Refinance Rates, October 20, 2020 | Rates slide
...see where rates are right now? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most current rates available. Here you can see the latest marketplace......