Mortgage rates have risen slightly in the past week. There’s no need to worry though; the current rate for the 30-year fixed rate is still under 3% and likely will stay that way for quite a while. The mortgage market is still concerned with COVID-19’s delta variant outbreaks as well as when Federal Reserve will
New home listings are on the rise, and consequently, along with the drop in mortgage rates, buyers have been given a bit of much needed respite in the current housing market. The meager supply from the beginning of the year has eased, with more people selling their homes and slowing the rising cost of individual
September 2021 marks the end of relief for the first wave of people who applied for the Government’s coronavirus mortgage relief program. As forbearance programs for mortgages begin to end across the country, many homeowners are reviewing their options in repaying the forbearance amount. If you are one of the 7.25 million homeowners who choose
Housing does not seem to have been affected much by the rising mortgage rates which is not too good of news for those shopping for bargains. This month the mortgage rates have continued to increase from the lowest point but still remain at historic lows. Lenders remain busy as people still continue to purchase and
The lack of vaccine doses and evidence for its efficacy has caused the mortgage rates this week to stagnate while the economy yet again attempts to determine the magnitude of the effect COVID-19 will have on the housing market. As a direct consequence, mortgage rates have not changed much from their slight rise last week.