Happy New Year! Here’s a quick digest of what happened in real estate finance last month:
+ Mortgage rates continue to remain near record lows at 2.67%, down from 3.72% a year ago.
+ Not looking to move, but wondering if it’s worthwhile to refinance? Check out Nerd Wallet’s refinance calculator to find how much you can save each month.
+ Forbearances rose for the third consecutive week, as roughly 2.83 million homeowners are currently suspending mortgage payments. Fannie and Freddie announced that multifamily property owners with existing forbearance agreements can extend their agreements for up to three months.
Have questions about what’s happening in real estate in your neighborhood? Let’s chat!
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