Thursday, August 13, 2020

Mortgage News: Bad news for the economy could mean lower rates

Here's what you need to know this week
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Why bad economic news can mean lower mortgage rates
While many have held out hope for a swift return to normal, signs of a long, slow economic recovery were prevalent this week. These indicators may lead to uncertainty in the markets, which often has the effect of driving mortgage rates down.
Homebuyer confidence drops, but demand remains high
Homebuyer sentiment dipped in July, reversing earlier gains. Still, the demand for new homes appears to be steady. Read more
Forbearance rates are down, for now
The number of loans in forbearance decreased by about 100,000 last week, but a new wave may be on the way. Read more
Better.com ranked top 10% on Inc. 5000 fastest-growing companies list
The Inc. 5000, an annual list of the fastest growing private companies in America, awarded Better.com the rank of 359. Read more
More on Mortgages
icon Why locking in your mortgage rate won't box you in
icon Refinance or forbearance: which is right for you?
icon 5 questions to ask your loan officer before you refinance
For more on homebuying, homeownership, and how mortgages work, visit our resource center any time.
Questions about your mortgage application? Let's talk.

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