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The proportion of homeowners postponing mortgage payments had been falling steadily from June to November, an indication that people were returning to work and the economy was beginning to recover. But the decrease has largely flattened since November, when the current wave of coronavirus cases surged in communities across the country.
Surge in U.S. Home Prices Eases in Sign Pandemic Rally May Cool Bloomberg 1/12/2021 Prashant Gopal (Bloomberg) -- The pandemic housing market rally, a bright spot for the U.S. economy, may already have peaked as the growth in home prices starts to slow. The asking price for a typical single-family home jumped 13.8% last from a year earlier, according to an index from Haus, an investment platform for homebuyers. That was down from a peak of 16.5% growth in late July. “The rate of growth was unsustainable,” said Ralph McLaughlin, chief economist at Haus. © Bloomberg Los...
Fixed mortgage rates sink to lowest levels in history but could be headed higher Kathy Orton, The Washington Post Jan. 7, 2021 FacebookTwitterEmail The 30-year fixed mortgage rate, the most popular loan product, sank to its lowest level on record this week, marking the 17th historic low it has hit in less than a year. But rates may have hit bottom as many experts predict them to rise in the coming year. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average sank to 2.65% with an average 0.7 point. (Points are fees paid to a lender equal to 1% of the loa...