Pending sale real estate agent sign Daniel Acker | Bloomberg | fake pictures According to the National Association of Realtors, pending home sales increased a staggering 44.3% in May compared to April. That’s the biggest jump in a month in the survey’s history, dating back to 2001. It exceeded expectations …
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A woman passes by the United States Capitol building in Washington on June 25, 2020. Al Drego | Reuters After declining for three weeks, the number of borrowers who deferred their monthly mortgage payments due to the coronavirus increased once again. The number of active tolerance plans increased by 79,000 …
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Mortgage rates held at record lows for the second straight week, which could present an opportunity for some homeowners to increase their emergency funds. The 30-year fixed-rate mortgage averaged 3.13% for the week ending June 25, unchanged from the previous week, Freddie Mac FMCC, + 0.47% reported Thursday. Comparatively, these …
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The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean that now is a good time to refinance for everyone. Last week, Freddie Mac FMCC, -0.94% It reported that mortgage rates hit a new record low for the fourth time this year, with the …
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Mortgage rates held at a record low last week, but the demand for refinancing fell back anyway. That, in addition to a brief respite from the surprisingly strong demand from home buyers, caused the total volume of mortgage applications to drop 8.7% on a seasonally-adjusted basis from the previous week, …
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