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mortgage loan

Gen Z renters moving out and moving up

3 mins read

The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they’re now renting, and most say they got a better deal on their new rental. A Zillow survey finds more than a third (34%) of Gen Z renters who moved in the past year say they moved from the home of a family member or friend. That’s up from 20% who reported the…

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Gen Z renters moving out and moving up

3 mins read

The FINANCIAL — Rental concessions, such as a free month’s rent, appear to be luring Gen Z out of their parents’ basements and back into the rental market. New Zillow research finds more Gen Z adults, ages 18 to 25, who had been living with family or friends say they’re now renting, and most say they got…

NAR provided raw count of home sales during the pandemic

1 min read

The FINANCIAL — According to the latest release, existing-home sales rose 21% in September from one year earlier while new home sales rose 32%. These headline figures are seasonally adjusted and are reported in the news. To assess the overall trending direction of the economy, nearly all economic data – from GDP and employment to…

Low mortgage rates are easing affordability, but down payments are further from reach

3 mins read

The FINANCIAL — Monthly mortgage payments are becoming increasingly affordable for U.S. homeowners as mortgage rates have hit record lows, a new Zillow® analysis shows. But that masks the difficulties would-be buyers face in getting into homes in the first place after extraordinary price growth has pushed prices further above incomes than they’ve been in at least…

Mortgage rates continue to fall historic low

1 min read

The FINANCIAL — Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in our survey’s history which dates back to 1971. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do…

Mortgage rates to fall again after Fed‘s move to combat impacts from coronavirus

2 mins read

The FINANCIAL — Average 30-year mortgage lending rates for homebuyers with good credit have fallen from 4.46% in January of 2019 to 3.13% but rate is now back up around 3.65%. Mortgage rates are primed to fall again after the Federal Reserve’s latest dramatic policy moves to combat the economic impact from the deadly coronavirus…