Prospective buyers visit an open house for sale in Alexandria, Virginia. Jonathan Ernst | Reuters It hardly sounds like news anymore: Mortgage rates fell to another record low last week, and that revitalized the demand for refinancing. Home buyers, however, took a step back. The total volume of mortgage applications …
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Pedestrians go through commercial real estate in Manhattan. Michael Nagle | Bloomberg | fake pictures Delinquencies in commercial mortgage-backed securities last month had their biggest one-month increase since Fitch Ratings began tracking the metric nearly 16 years ago. The delinquency rate reached 3.59% in June, an increase of 1.46% in …
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With mortgage rates at record lows, it is no wonder that many Americans are refinancing their homes. Add to that the coronavirus pandemic and economic downturn, and the need to find additional cash or cut expenses becomes even greater. In fact, refinancing requests are 74% higher than a year ago, …
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Pedestrians in Washington pass a “We Are Open” restaurant sign during the Covid-19 outbreak on May 12. Jonathan Ernst | Reuters When it comes to the next coronavirus stimulus package and providing more direct financial aid, the question on the lips of most Americans is, “Will they or won’t they?” …
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A sale sign is seen in front of a house when the National Association of Real Estate Agents released a report showing that home sales fell in December 2017 on January 24, 2018 in Miami, Florida. Joe Raedle | fake pictures Home prices strengthened in April, despite a national economic …
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