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Unemployment, COVID, and our economy…

We know that COVID is going to continue to be around and at a higher level than we’d all like to see for months to come.

Today I look at the broader question of “Will Housing Prices Cancel Out Low Mortgage Rates?” I stumbled upon a great Realtor.com article that I’d like to share with you. This article covers the national economy and the real estate economy.

The first thing you need to do is hire a highly experienced buyer’s only agent

Remember that mortgage insurance benefits the lender

What is an iBuyer?

FHA loans have the highest delinquency rates on record, going back to 1979.

Low supply and rock bottom mortgage rates are keeping the housing market highly competitive even during the ongoing pandemic.

Did you know that an average home buyer is currently paying $83 per month for every $100k of loan they have on their home toward mortgage insurance?

While renegotiating your mortgage loan with your lender may sound daunting, it’s important to act quickly to keep missed payments from getting out of hand.

There has been some recovery since the shutdown, however, the velocity of that recovery has slowed greatly in recent weeks

Our housing market is currently healthier than the majority of our nation.