Real Estate Finance News

Real Estate Finance News Recap: August 2021

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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Real Estate Finance News Recap: July 2021

Here’s a quick digest of what happened in real estate finance last month:

+ 30-year fixed mortgage rates remain below three percent for the fifth consecutive week and 15-year rates hit a new low as the economy works to get back to its pre-pandemic self.

+ As the Fed discusses cutting back on buying mortgage and Treasury bonds, could housing prices finally cool down?

+ Brett Arends of MarketWatch gives us another reason to own our home in retirement — rents are rising three times as fast as inflation. Ouch!


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Real Estate Finance News Recap: June 2021

Here’s a quick digest of what happened in real estate finance last month:

+ Falling mortgage rates are another sign that investors view the current spate of inflation to be temporary, however, housing affordability is becoming a bigger concern.

+ Freddie Mac reports that mortgage rates continue to hover around 3%, keeping the housing market booming. Yet, a deterioration in affordability and housing inventory is slowing the market.


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Real Estate Finance News Recap: May 2021

Here’s a quick digest of what happened in real estate finance last month:

+ Mortgage rates drop below three percent again, offering many homebuyers another chance to refinance to increase their monthly cash flow.

+ As consumer prices rose the sharpest since September 2008, Realtor.com breaks down what this eye-popping inflation means for mortgage rates.

 

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Real Estate Finance News Recap: April 2021

Here’s a quick digest of what happened in real estate finance last month:

+ With median gains in home values between 6% and 11% among metro counties, Front Range homeowners can expect to see an increase in their tax bills.

Mortgage rates remain under 3%, but could become more volatile in the months to come.

Biden’s proposed tax hikes could be a ‘double-edged sword’ for real estate — what homeowners and investors need to know that could reduce returns on certain property sales.

 

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Real Estate Finance News Recap: March 2021

Here’s a quick digest of what happened in real estate finance last month:

+ Mortgage rates remain historically low at 3.18% as of April 1st. However, the upward trend in rates may be a reason that homebuyer demand has dropped from 25% above pre-COVID levels at the start of 2021, to 8% above pre-COVID levels today.

+ The increase in mortgage rates from the beginning of the year is adding an average of $93 per month to homebuyers’ mortgage payments — roughly $1,100 per year.

 

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Real Estate Finance News Recap: February 2021

Here’s a quick digest of what happened in real estate finance last month:

+ A majority of mortgage experts predict that rates will continue to rise, although they are still near historic lows. As of February 25th, the 30-year fixed rate mortgage stood at 2.97%.

+ Did you take advantage of low interest rates and refinance your mortgage last year? Find out how it could affect your taxes as you go to file.

 

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Real Estate Finance News Recap: December 2020

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.

 

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Real Estate Finance News Recap: November 2020

Here’s a quick digest of what happened in real estate finance last month:

+ 30-year mortgage rates have fallen to 2.72%, the lowest rate in the last 50 years. Average rates have been below 3% for 17 consecutive weeks.

 

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Real Estate Finance News Recap: October 2020

Here’s a quick digest of what happened in real estate finance last month:

+ Mortgage rates are holding steady at historic lows. Housing continues to propel growth and is helping to lift construction, manufacturing, and transportation industries that build new homes.

 

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