Earlier this week, we saw the biggest jump in mortgage rates in the past 2 months. The rates are still historically low by any standards, but this this quick jump upward just shows how volatile our market is during this pandemic. There is so much uncertainty in 2020. Fluctuating mortgage Continue Reading →
The U.S. Census Bureau recently released its homeownership data for the second quarter of 2020. As of Q2, the homeownership rate is up to 67.9%. This is the fourth quarterly increase in a row and the highest homeownership rate since 2008 before the last housing crisis. The rate is up Continue Reading →
We’ve been talking a lot on the Transparent Mortgage Blog about how the COVID-19 situation has affected the economy as a whole—and especially the mortgage market. We are in interesting times with home prices continuing to surge because of low inventory while mortgage rates remain historically low. However, the challenge Continue Reading →
As the economy slowly recovers after the coronavirus shutdowns, the real estate and mortgage markets have rebounded rapidly. Home buyers are eager to move during this condensed summer market, especially since it’s hard to say if we’ll experience more shutdowns this year as the virus numbers continue to rise again Continue Reading →
An interesting thing has been happening in the real estate market amidst the COVID-19 pandemic. Home prices are actually continuing to go up while most other economic indicators have been dropping fast. What makes this recession different than what we experienced in 2008? When the economy collapsed in 2008, the Continue Reading →
