Note & Real Estate News

Published: Wed, 03/17/21

Hi ,

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President, The Paper Source, Inc.

Note & Real Estate News

Mortgage Rates Tick Up Over 3 Percent, Dealing Home Buyers Another Blow

Mortgages rates crossed the 3% threshold for the first time since July 2020, according to Freddie Mac. They rose to an average 3.02% on 30-year fixed-rate loans in the week ending March 4.

4 Florida counties made the top 25 for increased risk of landlord default, mostly due to an eviction ban that made it harder for some owners to pay the property’s mortgage.

Renters are being drawn to smaller markets due to their lower costs and the opportunity for more space amid the pandemic—but they may now be facing rising rental rates.

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Note & Real Estate News

Mortgage Rates Tick Up Over 3 Percent, Dealing Home Buyers Another Blow

RealtyTrac: There’s a Greater Chance Landlords Will Default

Like Home Buyers, Renters Are Favoring Smaller Markets

Housing Supply, Affordability Key in 2021

Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance