  Better Mortgage Market News 5/21/20 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.
Vacation rental restrictions could force discounted home sales With more than half of Airbnb hosts surveyed reporting that short term rentals have helped them keep up with payments, vacation rental restrictions have many owners rushing to offload their homes. Mortgage rates hit new record lows Mortgage News Daily and Freddie Mac have both reported record-low average mortgage rates for conventional loans. House passes new stimulus bill with more mortgage protections If passed in the Senate, the HEROES Act would extend foreclosure protections to nearly all homeowners, and make mortgage servicers eligible for $500B in US Treasury loan assistance. For more on homebuying, homeownership, and how mortgages work, visit our resource center any time.
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Thursday, May 21, 2020
MORTGAGE NEWS: Summer rental slump has homeowners rushing to sell
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