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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......

REALTORS® 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......

October was another strong month for Tampa Bay home sales
...he said. The local numbers reflected the continuing national strength of the housing market. Nationwide, sales of single-family homes, townhomes, condos and co-ops were up 26.6% in October......

What is title insurance?
...ownership of the home after you complete the transaction. That’s where title insurance, an important policy for homebuyers, comes into play. Title insurance definition Title insurance protects......

Home sales surge in Sarasota-Manatee despite pandemic, low inventory
Despite a tightening stock of homes on the market, home sales surged 38% last month in the Sarasota-Manatee, Fla., region. Local buyers closed on 1,695 existing single-family homes in October......

Mortgage Refinance Rates Today, November 24, 2020 | Rate drops
...to compare today’s rates? Lenders nationwide respond to Bankrate’s weekday mortgage rates survey to bring you the most up-to-date rates available. Here you can see the latest national average......

Today’s Mortgage Rates, November 24, 2020 | Rates go up
Multiple key mortgage rates climbed higher today. The average rates on 30-year fixed and 15-year fixed mortgages both advanced. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the......

30 Year Mortgage Rates Today, November 23, 2020 | Rates dip
...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 2.95 percent, a decrease of 1 basis......

10 of the best real estate podcasts
...director of broadcasting and multimedia communications for the National Association of Realtors (NAR), this long-running radio program from NAR is also available as a podcast, with hundreds of......

For hot housing market, end of forbearance could prove non-issue
...away next year? Not much, and certainly nothing approaching the flood of foreclosures that defined the Great Recession, according to the emerging consensus among economists. While some homeowners......

Small landlords are suffering most in rental sector: Harvard confirms
...the center’s annual report on the state of the nation’s housing market, which shows hardship rates were 12% for five-plus-unit buildings compared to 14%-17% for small rental properties, reveals......

When BFFs Collide: How The Fed-Treasury Spat Could Create A Major Market Move
...into the Fed and ask for more loans. Reminds me of the housing market bubble of 2007-2008 when folks with no income, no balance sheet, and no job could get “no-doc”, “NINJA” ( "no income, job......

Share of Mortgage Loans in Forbearance Increases Slightly to 5.48 Percent Nov 23, 2020
...declined every week for six straight months."   Added Fratantoni, "Incoming housing market data remain quite strong, with existing-home sales in October reaching their fastest pace since 2005......

NAR Launches the American Property Owners Alliance
...to be a force in Washington.” The alliance is primarily funded by NAR. But it will operate independently from the association. It will have its own board of directors and separate bylaws. Part......

Home Buyers Increasingly Seeking Friendly Neighbors
...want to feel part of a community.” That may help explain why home sales are surging as Americans look to change residences: Home Sales Are on Fire, Up 27% From a Year Ago...

Report: iBuyers Lose Half Their Market Share
While the housing market has come roaring back in the pandemic, iBuying activity hasn’t. Volumes and market share of iBuying activity is likely to finish 2020 at 50% less that of 2019......