নিউইয়র্কের ফেডারেল রিজার্ভ ব্যাঙ্কের প্রথম নারী ভাইস | 1011642 | কালের কণ্ঠ kalerkantho.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kalerkantho.com Daily Mail and Mail on Sunday newspapers.
Mortgage rates might be exceptionally low these days, but borrowers will need impeccable credit to take advantage of them. Interest rates on home mortgage loans hit new lows a whopping 16 times in 2020. Meanwhile, the median credit score among mortgage borrowers rose to a record 786 during the pandemic, according to the New York Federal Reserve, which closely tracks consumer credit data. hand holding house in palm
Image zoom Credit: Catherine Falls Commercial/Getty Images
While mortgage rates are off their record lows this year, it’s a seller’s market in places like Austin, Sacramento, Boise, and even parts of Montana and inventory is struggling to keep up. “The housing market is entering the busy spring buying season with strong demand, says Joel Kan, President of Economic and Industry Forecasting for the Mortgage Bankers Association
Today’s employment report shows gradual but welcome improvements, with 379,000 jobs added to the economy and the unemployment rate edging down to 6.2%.
The easing of lockdown restrictions in many areas of the country, along with more children having the option to attend school in-person, has helped ease the employment struggles of many workers and families.
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