by: Aahoo Pourang Concerns about the Delta Variant has dropped consumer sentiment to the lowest since 2011. Americans are more concerned about the economy’s future with the recent surge in coronavirus cases. According to the University of Michigan’s Preliminary Sentiment Index, data shows that optimism fell by 11 points to 70.2%, which is lower than …
By Aahoo Pourang: While 2020 was a challenging and unstable year for most markets, it’s instability has impacted the upcoming real estate trends of 2021. In 2020, we saw the housing market quickly becoming disrupted by the COVID pandemic during the spring. Fortunately, it made a swift (but shaky) rebound with brokers and realtors adjusting …
By: Aahoo Pourang Rates Are a Record low for 30-Year Loans According to a Thursday report by Freddie Mac, 30-year fixed rate mortgages were the lowest since 1971: 3.03% with an average of .8 point. Since November 2018, it has lowered by nearly 2 percentage points. The 15-year fixed rate dropped to 2.5`% also with …
According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s a …
Shelter-in-place orders have led to a surge in home repair and remodeling projects, providing an unexpected opportunity for many lenders. During the early days of the coronavirus pandemic, Google searches for projects such as bathroom and kitchen improvements, patios and flooring increased significantly, according to the Home Improvement Research Institute.
The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) increased 4.5 points in May to 67.5, building slightly after nearing its all-time survey low in April.
WASHINGTON, DC –Mortgage lenders’ profit margin outlook for the next three months fell slightly …
The COVID-19 pandemic has brought economic uncertainty throughout the US. Although we’re a few months in to the ‘social distancing’ measures taken by state governments and moving in and out of phases of re-opening, …
Fannie Mae Announces Flexibilities for Refinance and Home Purchase Eligibility for Homeowners Impacted by COVID-19Updated Guidance Also Extends Expiration Date of Criteria for Purchasing Loans in Forbearance WASHINGTON, DC – May 19, 2020 – Fannie Mae (FNMA/OTCQB) today announced flexibilities for homeowners who have taken a forbearance due to a COVID-19 financial hardship to refinance their mortgage …
Statement on Fannie Mae’s New LIBOR Transition Resources “Fannie Mae’s LIBOR Transition webpage is a resource for lenders and investors to access key updates and information during this historic shift in the markets. Today’s announcement marks an important milestone in the transition from LIBOR to an alternative reference rate. We remain committed to ensuring a …
