The words we might use to describe 2020 — “tragic,” “turbulent,” “surreal,” “recessionary,” “isolating,” and, of course, “unprecedented” — wouldn’t seem to suggest a booming real estate market. And yet, aside from a brief pause in early spring, the housing market remained red-hot this year, one of just a few bright spots in an otherwise […]
Mortgage rates fall to yet another record low
Mortgage rates fell to another record low last week, for the 15th time this year. The average interest rate on a 30-year fixed-rate mortgage dropped to 2.67%, according to Freddie Mac. That’s the lowest level in the nearly 50 years of the mortgage giant’s survey. The 15-year fixed-rate mortgage dropped to 2.21%. This new low comes as the […]
What’s next for housing in 2021?
As we look ahead to 2021, we remember that this year, the housing market has continued to remain a bright spot in the economy, even as other areas continue to struggle amid stay-at-home orders and economic shutdowns. COVID-19 threw the economy for a loop in 2020. In fact, this year seemed to prove anything is […]