The Federal Housing Administration is now officially backing mortgages for Deferred Action for Childhood Arrivals recipients, also called Dreamers. This ends years of confusion about whether DACA recipients could get an FHA loan.
Although home sales appeared to be slowing down a bit at the end of 2021, new data shows that buyers were still hungry for a new home in December.
Despite the pandemic’s impact on the country and the economy, one could argue that housing was never hotter than it was last year.
One of the most consistent things in housing last year was just how low mortgage rates were. And it looks like interest rates at or below 3% could be here to stay for all of 2021, at least according to one prominent housing observer.
Last year changed a lot of things in this country, including what people needed from their homes. But that wasn’t the only thing that changed. Last year also changed how people bought their homes. Namely, a large portion of homebuyers made an offer on a home without seeing it in person.
Jason Obradovich, CIO of New American Funding, and Alexis Quinney are back with 2021's first Mortgage Rundown. In the last few weeks, a lot has happened across the Nation. Listen in as they go over what it all means for the market in the next few weeks and the foreseeable future.
Despite the fact that home prices are rising faster than they have in 15 years, buying a home is more affordable than renting in a large portion of the country.
Mortgage rates fell to record lows 16 different times in 2020, hitting a new record low as recently as the week of December 24. And now, with the calendar flipped to 2021, it's much of the same: another new record low.
One of the common themes in housing over the last several months has been how quickly homes are selling as buyers rush (and in some cases fight) to secure a new home. As for why competition has been so fierce, there simply have not been enough homes on the market to keep up with the demand. And that problem is getting worse.
Over the last few weeks, various reports showed that home sales are slowing down as the weather gets colder, but the news isn’t all bad. Far from it, in fact. Let's dive into the latest data.
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