A few weeks ago, New American Focus brought you a look at the top 10 housing markets for next year. Now, a new forecast from realtor.com suggests that the top 10 housing markets in 2021 will be much different than those earlier predictions.
Before this year, the prevailing market interest rate had never been lower than 3.3%. But not only did interest rates fall below that level for the first time ever, they’ve since fallen to new record lows more than a dozen other times over the course of the year. That leads to the obvious question: just how long are these low rates going to last?
In late November, Fannie Mae and Freddie Mac announced that they were increasing their maximum conforming loan limits in 2021, but the GSE loan limits aren't the only ones going up. The Federal Housing Administration announced that it is increasing the loan limits for FHA mortgages in 2021.
Every bit of recent news indicated that the nation’s housing market was going gangbusters with no signs of a slowdown, but maybe things aren’t quite as rosy as they appear. Here's a look at the latest data and what it may mean.
The maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase for the fifth year in a row. Click the headline for the full details.
The fact that interest rates have remained this low for months has fueled an extreme and lengthy refinance boom in the mortgage business. But just how long is that boom going to last?
Existing home sales rose for the fifth consecutive month in October, reflecting the pandemic's impact on where people choose to live.
Record low mortgage rates, Millennial homebuyers, and pandemic shifts have made homebuilders more confident than ever.
Borrowers who want to buy a home in a federally designated flood hazard area using a Federal Housing Administration mortgage are required to secure flood insurance, but for many years, the only way to get that insurance was through the National Flood Insurance Program. But that might not be the case for much longer.
If you've seen house prices rising in your area, you're not alone. House prices are rising in every single major housing market in the U.S.
Smart Moves Start Here.