30-year fixed rate mortgage (FRM) rates hit historic low; For-sale inventory drops; Home sales volume set to fall
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30-year fixed rate mortgage (FRM) rates hit historic low; For-sale inventory drops; Home sales volume set to fall
This spring’s high level of margin calls on top of rapidly rising forbearance rates have put the mortgage industry in a dangerous position.
Home prices are propped up by low interest rates, for now; Saving opportunities narrow in California; Personal bankruptcies set to rise
Nationally, 7% of mortgages were in forbearance in mid-April.
What qualifies a real estate licensee to write off home office expenses?
Lenders are walking a tightrope this spring.
California’s Buyer Purchasing Power Index (BPPI) was +8.9 in Q1 2020.
For the housing market, this domino effect of lower long-term yields translates to lower interest rates on FRM rates.
Negative yield spread forecasts 2020 recession; FRM rates hit record lows; Refinances to continue their rise