Refinancing just got more expensive, thanks to this new fee
A new fee will be added to conventional mortgage refinances on September 1. Will this mean higher refinance rates? For some, it’s likely.
National Association of Realtors
Construction Surges to Highest Levels in 15 Years
Posted To: MND NewsWire
Residential construction finished out 2020 much more strongly than analysts had expected. The U.S. Census Bureau and Department of Housing and Urban Development reported significant increases in both residential permitting and housing starts in December , the second month in a row those numbers have grown. The numbers, however, took a hit in the Northeast. Permits for privately funded construction were issued at a seasonally adjusted annual rate of 1,709,000 units, an increase of 4.5 percent from the revised (from 1,639,000 units) rate of 1,635,000 in November. The pace of permitting in December was 17.3 percent higher than the 1,437,000 units estimated a year earlier. Econoday and Trading Economics had reported low expectations for December permits on the part of their analysts. The consensus…(read more)
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2020 home sales hit highest level since 2006
Existing-home sales rose in December, and total home sales in 2020 reached the highest level in 13 years, according to NAR. In all, 5.64 million homes were sold in 2020, up 5.6% from 2019 and the most since before the Great Recession.
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