  Better Mortgage Market News 6/4/20 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.
As homebuyers flock to the suburbs, historically low supply may drive prices up According to new polling, nearly a third of Americans are now looking to move to less densely populated areas. All this new demand, however, is being met with historically low supply — which could drive prices up. Why housing markets in some urban areas are recovering faster than others While a growing number of homebuyers are fleeing cities, factors like strong local economies, less strict containment measures, and fewer coronavirus cases have made for speedier recoveries in some urban housing markets. Mortgage rates hit new record low, Federal Reserve expected to promote stability The national average mortgage rate hit another record low this week, and it's likely that the Federal Reserve will pledge to prevent rates from spiking as the market attempts to recover.
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Thursday, June 4, 2020
MORTGAGE NEWS: High demand, low supply for suburban homes
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