  Better Mortgage Market News 5/29/20 As part of our mission to make homeownership simple, fair, and affordable, we're committed to providing the most accurate and up-to-date information available to everyone in our community. Here's what you need to know this week.
Homeowners keep up with payments despite forbearance With the recent rise of loans in forbearance now steadily leveling off, it seems that forbearance plans have largely been a precaution rather than a necessity for homeowners. According to research from mortgage data firm Black Knight, nearly half of all homeowners who opted for forbearance still made their April payments. Home prices remain stable as summer buying boom approaches All signs point to a summer homebuying boom, as new supply hits the market to meet pent-up demand. This is good news for sellers, too, with year-over-year appreciation still at a healthy 5%. Good news for the economy could mean higher mortgage rates After last week's all-time lows, it appears that interest rates for borrowers are on the upswing again. This is likely the result of growing optimism as lockdowns are lifted nationwide.
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Friday, May 29, 2020
MORTGAGE NEWS: Homeowners are paying on time despite forbearance
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