Low mortgage rates, pandemic flight fuel another record year for Maine home sales – Mainebiz
Low mortgage rates, pandemic flight fuel another record year for Maine home sales Mainebiz
Low mortgage rates, pandemic flight fuel another record year for Maine home sales Mainebiz
Homespire Mortgage has promoted Listy Limon (pictured), formerly regional manager for the Southwest region, to vice president of national production. The 20-year mortgage industry veteran joined Homespire in 2019 and has been instrumental in the company’s growth in the Southwest region. In her new role, Limon will execute Homespire’s sales production strategy and drive its … [Read more…]
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After spiking in early January, interest rates returned to near-all-time-low levels by the middle of the week. By the end, however, the market began to flash a warning about more volatility ahead. The warning is fairly simple. It has to do with a pattern that’s been repeating in the bond market (the key ingredient in determining rates). The pattern is technically referred to as a “trend channel,” which is just a fancy way of saying that rates are steadily rising or falling in a relatively regular way. In the current case, they’ve been rising since August. Rates tend to fall when the economic outlook is downbeat or uncertain. As such, it makes sense to see volatility and all-time lows during the first phase of the pandemic followed by gradual healing in the 2nd half of the year. Gradual healing
Wanting to take advantage of record low mortgage rates to gain more space in a pandemic, consumers didnât follow traditional seasonal buying patterns in 2020. That dynamic is driving home sales this year too, which is why weâre hosting our virtual Spring Summit focused on The Year-Round Purchase Market.
The post HousingWire launches Spring Summit on March 4 appeared first on HousingWire.