Wednesday, May 13, 2020

MORTGAGE NEWS: Sellers anxious, homebuyers ready to shop

Here's what you need to know this week
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Better Mortgage Market News 5/13/20

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.

Home sellers nervous, buyers remain positive

According to a survey of homebuying and selling sentiment by Fannie Mae, the majority of those looking to sell a home expect prices to go down over the next twelve months.

Rates steadily decline, but only for the lowest risk loans

Average mortgage rates are continuing to creep down towards record lows, but lenders are still wary of reducing rates for, or even offering, riskier loans.

Suburban home sales rise during COVID-19 pandemic

Better.com CEO, Vishal Garg, spoke with Yahoo Finance recently about a surprising trend; the number of Better Mortgage applicants purchasing new homes has actually increased during the COVID-19 pandemic.

For more on homebuying, homeownership, and how mortgages work, visit our resource center any time.

 
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