Notary Near You Blog

Pandemic Related Predictions for High Real Estate Foreclosures in 2021 Did Not Materialize

According to a Mortgage News Daily article (link is below) ATTOM Data Solutions, a provider of real estate and property data, recently released statistics that foreclosure activity in 2021 was at the lowest level since they started tracking in 2005. This is in stark contrast to many who predicted a Tsunami of real estate foreclosures would occur in 2021 due to the Pandemic.

No comments
Notary Near YouPandemic Related Predictions for High Real Estate Foreclosures in 2021 Did Not Materialize
read more

Refinance Index is 50 Percent Lower than Same Week in January Last Year

According to the Mortgage Bankers Association (MBA) Market Composite Index, the Refinance Index is 50 percent lower compared to the same week one year ago, in January 2021. During the same week there was a small uptick over last year in purchase mortgage activity.

No comments
Notary Near YouRefinance Index is 50 Percent Lower than Same Week in January Last Year
read more

Learning About The Multiple Factors In Play Each Time Mortgage Rates Change

If you are like most Americans, you’ve spent the last few years watching mortgage rates reach historic lows. It is a complex set of factors that impact mortgage rates, and many articles attempt to simplify it.

A recent article on MortgageNewsDaily.com goes into great detail about the various aspects, including graphs that help us visualize what they are saying, It’s a good read if you want to gain a better understanding of the topic.

No comments
Notary Near YouLearning About The Multiple Factors In Play Each Time Mortgage Rates Change
read more

Home Buyer Sentiment is Low while Home Seller Sentiment is High!

There are many factors that affect home buyer and seller sentiment. Confidence, or lack thereof, in the economic future is a key consideration for both. In Fannie Mae’s National Housing Survey (NHS) seller sentiment is 36 point higher than October 2020, with buyer sentiment 60 points lower for the same period, in spite of the fact that interest rates remain low which is an advantage to buyers.

No comments
Notary Near YouHome Buyer Sentiment is Low while Home Seller Sentiment is High!
read more

Fannie Mae and Freddie Mac helping homeowners take advantage of low interest rates

Fannie Mae and Freddie Mac expanded a home refinance program that helps low-to-moderate income households, giving them a better opportunity to refinance now while interest rates are low. The program was launched in June of 2021, but recently the income limit qualifier was increased as well as other modifications to the program to reach more homeowners.

No comments
Notary Near YouFannie Mae and Freddie Mac helping homeowners take advantage of low interest rates
read more

Anticipated Changes from the Federal Reserve

Many people working in the real estate and mortgage industry, as well as those considering buying or selling real estate, are watching the news and reports on expected changes from the Federal Reserve.

CNBC conducted a survey and share the results in this article written by Steve Liesman for CNBC: 

No comments
Notary Near YouAnticipated Changes from the Federal Reserve
read more