Rent Prices Have Dropped in These 9 Formerly Hot Markets
It’s not just home prices that have been affected significantly by the COVID-19 pandemic.
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Delinquency Rate Lowest in COVID Era; but Lingering Risks Remain
Posted To: MND NewsWire
Loan performance continued to improve in January although the number of delinquencies remains significantly elevated from pre-pandemic levels. Black Knight’s first look at the month’s loan performance data has both good news and some that is disquieting. The good news is a 121,000-loan decline in the number of loans that are 30 or more days past due but not in foreclosure when compared to the prior month. This reduced the national delinquency rate to 5.85 percent, the first time the rate has been under 6 percent since the pandemic hit in March 2020. The number of seriously delinquent loans, those 90 or more days past due but not in foreclosure, was reduced by 56,000 loans. Black Knight includes loans that are in active forbearance plans in its delinquency numbers if they are non-current. However…(read more)
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Mortgage rates climb higher to 2.97%
The average mortgage rate for a 30-year fixed loan is now just 3 basis points away from 3%, after a 16 basis point jump according to Freddie Mac.
The post Mortgage rates climb higher to 2.97% appeared first on HousingWire.
Years of Work Needed to Afford a Down Payment â 2021 Edition
Assembling enough money for a down payment is typically the largest hurdle to clear when securing a mortgage. The median home price in the U.S. is up 14% year-over-year, according to a November 2020 Redfin report, and as the housing … Continue reading →
The post Years of Work Needed to Afford a Down Payment – 2021 Edition appeared first on SmartAsset Blog.
The Hottest Cities in Real Estate Right Now Are ‘Spillover Markets’âWhere Are They?
Realtor.com®’s ranking of the hottest real estate markets for January 2021 shows that the pandemic has reshaped house-hunting patternsâand is also driving a lot of buying activity.
The post The Hottest Cities in Real Estate Right Now Are ‘Spillover Markets’âWhere Are They? appeared first on Real Estate News & Insights | realtor.com®.
What Is Redlining?
Homeownership is a major goal for many people. Not only is a house the biggest purchase many will ever make, but owning a home is a way to build andâ¦
What Is Earnings Per Share & How to Calculate It
Knowing a stockâs earnings per share can be a valuable portfolio benchmarking tool. Think of EPS as GPS for where a public company is on the value map, based on how profitable it has been. What is earnings per share? Itâs a ratio arrived at by taking a company’s quarterly or annual net income and […]
The post What Is Earnings Per Share & How to Calculate It appeared first on SoFi.
Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season
Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.
The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.
Even with high lumber prices, new home sales beat
Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock, paper, and scissors with lumber prices and mortgage rates, mortgage rates will win. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.
The post Even with high lumber prices, new home sales beat appeared first on HousingWire.
Mortgage and refinance rates today, February 23, 2021
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. And the rise was sharper than looked likely first thing that morning. When we say that markets can turn […]