Interest Rates Are Increasing: Housing Market Update

Selling Real Estate
Mortgage interest rates INCREASED! Will housing inventory and home prices drop? This is today’s housing market update which also includes a brand new update regarding mortgage loan forbearance numbers and what homeowners are doing when they end their mortgage forbearance.

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Why You Should NOT Do a Mortgage Refinance: FIVE Costly Pitfalls

According to Freddie Mac, the average 30yr FRM interest rate increased to 2.87% last week. This increase follows a decline in rates for 5 out of the last 6 weeks.

Speaking of mortgages, applications for new mortgages increased last week. According to the MBA, “Mortgage applications increased 2.8 percent from one week earlier.”

In mortgage loan forbearance news, The MBA reported that the share of mortgage loans in forbearance decreased to 3.26%. This equates to approx 1.6 million homeowners who still remain in mortgage forbearance.

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr FRM is 2.93% at the time of this video for the current mortgage rates. This is mixed news if you’re a homebuyer right now or if you’re a homeowner looking to refinance.

Comment below: what’s your housing market 2021 forecast and housing market forecast 2021? Do you think a housing crash 2021 will happen and there will be a housing crash due to a housing bubble, a 2021 housing market crash 2021 or are your housing market predictions that the real estate market 2021 and home prices 2021 will continue to surge?

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Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
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More of My YouTube Videos:

Why Aren’t Home Prices Dropping? Housing Market 2020

BEWARE – Why I Cancelled My Mortgage Loan Forbearance Offer

Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video – it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed Realtor with Realty One Group in California under DRE 01923240.

#forbearance #housingmarket #mortgagerates

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