Median home purchase mortgage payment sank to 2020 low in November
Falling interest rates more than canceled out median home listing prices, reaching an all-time time high during the month, Redfin said.
Housing markets
2021 mortgage forecast improves after vaccine rollout
With coronavirus inoculations underway and government stimulus likely to come, the outlook for next year’s housing market and lending environment grew more optimistic in December.
FHA’s Dana Wade takes issue with 2021 loan limits
The head of the Federal Housing Administration said Congress should consider whether to continue allowing the loan floor and ceiling to remain tied to changes in the conforming mortgage limit.
GSE loan limit approaches $550,000 as home prices jump 7.4%
The price increase illustrates the extent to which federal rescue programs and a supply-demand imbalance have been counterweights to economic pressures from the pandemic.
Small landlords are suffering most in rental sector: Harvard confirms
The center’s annual study shows the extent to which larger multi-unit properties are insulated from distress.
Mortgage rates drop on concerns over economy and the coronavirus
Weaker consumer spending data coming into the holiday season, as well as a resurgence of the COVID-19 spread, pushed mortgage rates to a new low, Freddie Mac said.
Mortgage rates rise on positive news about a vaccine
Mortgage rates moved off of their all-time low this week as a result of reports that Pfizer's coronavirus vaccine was potentially 90% effective, according to Freddie Mac.
Delinquencies fall in Q3 but ‘no guarantee it will continue’
The overall mortgage delinquency rate improved in the third quarter as the economy got healthier while late-stage delinquencies hit a decade high, according to the Mortgage Bankers Association.
Equity-rich homes outnumber those seriously underwater nearly 5 to 1
Growing equity levels increased the share of equity-rich and pulled borrowers out from underwater in the third quarter, according to Attom Data Solutions.
What Election 2020 uncertainty means for mortgage lending
The race enters a complicated phase that could impact financial markets.
Home prices surge to 6-year high, but declines are predicted for 2021
With a dearth of inventory, September generated the largest price growth in the housing market since May 2014, according to CoreLogic.
Purchase volume to hit record highs over the next 3 years: MBA
But an expected drop in refinancings as mortgage rates rise should more than cancel that out, resulting in declining overall volume through 2023.
July’s 120-day delinquencies doubled Great Recession’s peak
While overall mortgage delinquency rates slowly descend, serious delinquencies — especially loans past 120 days due — jumped in July, according to CoreLogic.
Mortgage rates leveling out, perhaps signaling an end to declines
Mortgage rates remained flat this week, a sign that the bottom has possibly been reached, but the housing market looks to remain strong for the near future, according to Freddie Mac.
Downshift expected for 2021, as home prices spike in August: CoreLogic
Low mortgage rates and strained supply drove the housing market price growth to a 26-month high in August, according to CoreLogic.
$1B affordable housing fund launched to counter private equity buys
Three nonprofits look to create or preserve 10,000 units, vowing to fight off firms like Blackstone and Colony Capital, which bought up foreclosed homes after Great Recession.
Mortgage rates remain under 3% despite positive economic news
Mortgage rates fell back toward their all-time low this week, increasing purchasing power for homebuyers. But the lack of homes for sale drives up prices and reduces affordability, according to Freddie Mac.
2021 home equity gains unlikely as delinquencies poised to rise
More defaults will lead to an increase in distressed sales, and that will drive down prices, CoreLogic said.
Housing starts fall more than forecast on multifamily drop
Home starts fell more than forecast in August, reflecting less construction of apartments and a decline in the tropical storm-hit South, representing a pause in momentum for a housing market that's been a key source of fuel for the economy.
Opinion Housing market needs SOFR alternative — now
This proposed Libor replacement is an imaginary, backward-looking benchmark dreamed up by the economists at the Fed with no discernible market.
Christopher Whalen
Whalen Global Advisors LLC
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