Here’s a quick digest of what happened in real estate finance last month:
+ Mortgage rates have stabilized around 2.87% (as of 9/2/21), as economic growth and inflation have moderated in the last month.
+ 1.71 million borrowers currently remain in forbearance. Of those, 400,000 homeowners will enter their final month of forbearance in September, unless the maximum term is extended.
+ With rates remaining low, some homeowners may want to finally get around to refinancing their home. No-cost closings can help some homeowners refinance without out-of-pocket costs.
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