News Flash: Forbearances, Home Prices and Mortgage Interest Rates

News Flash: Forbearances, Home Prices and Mortgage Interest Rates // Forbearances plunge and home prices increase!

Data analytics firm, Black Knight posted today that loan forbearance numbers dropped a whopping 228,000 and that’s the largest decrease since last Fall. This mortgage forbearance decline was largely driven by homeowners exiting their forbearance plans at or around the 12-month mark. Overall, an estimated 280,000 borrowers exited forbearance this week. Now the number of homeowners in forbearance has decreased to 2.3M and that represents 4.4% of all mortgages. Foreclosure crisis averted?

WeBull FREE stock promotion (get 2 free stocks for a limited time when you deposit $100 within 30 days of signing up):
https://act.webull.com/kol-us/share.html?hl=en&inviteCode=cKJC65AjvHMM

According to Freddie Mac as of yesterday, mortgage interest rates dropped to 3.13%. That’s down from last week when it averaged 3.18 percent. If rates and inventory don’t increase further then that could mitigate the chances of a housing market crash and housing crisis. Also, the foreclosure moratorium is also lessening the chances of a housing crash and foreclosures flooding the market too.

To give you a housing market update, Corelogic reported that home prices increased 10.4% from Feb 2020 to Feb 2021. In today's video, I break down which cities and states had the highest home price growth and which ones had the lowest. I also share their housing market predictions and my own as well.

Comment below: what’s your housing market 2021 forecast and housing market forecast 2021? Do you think a housing crash 2021 will happen and there will be a housing crash due to a housing bubble, a 2021 housing market crash 2021 or do you think the real estate market and home prices will continue to surge?

Products I use and like: ad
My webcam https://amzn.to/2QZMFZt
Clickfunnels https://bit.ly/2GvfNWp
Tubebuddy https://www.tubebuddy.com/jason808
Virtual Assistants https://bit.ly/3lYRujQ
AWeber https://bit.ly/3jRO7JY

Get 50% off Housingwire + (HW+) by using the coupon code: Jason50%off

My no. 1 recommendation for real estate licensing in California (the same course I took): ad
https://bit.ly/2EUYLRq

***
Jason Walter, CPA (lic 103885)
Sacramento Realtor/Sacramento real estate agent and native
Realty ONE Group Complete (DRE 01923240)
jason@meetjasonwalter.com
Follow me on Instagram ➜ @SacramentoRealtor

*** FREE Sacramento Area Home Buyer Guide ➜ https://bit.ly/2YjUnTJ
*** FREE Sacramento Area Home Seller Guide ➜ https://bit.ly/2x1uqZF

➜➜➜ SUBSCRIBE FOR MORE VIDEOS ➜➜➜
To never miss a video about personal finance & real estate related topics, please subscribe & then hit the bell notification here ➜ https://bit.ly/31kAR73

More of My YouTube Videos:

Why Aren’t Home Prices Dropping? Housing Market 2020
https://youtu.be/_n4P7eUzQlM

BEWARE - Why I Cancelled My Mortgage Loan Forbearance Offer
https://youtu.be/7ovaZw9m60c

Mortgage Loan Forbearance Update (5 MAJOR CONS of Mortgage Loan Forbearance & More):
https://youtu.be/eGiOLh-Ly40

➜ PLAYLIST: Videos about Living in Sacramento
https://bit.ly/2TkXZSh

➜ PLAYLIST: My 5 Favorite Areas Near Downtown Sacramento:
https://bit.ly/2FNHTbT

Moving to Sacramento? Top 10 Reasons to Move Here:
https://youtu.be/LHfCyvnSR1w

5 Pros & Cons of Living in Sacramento:
https://youtu.be/4xVgRZ4alDY

Royalty Free Music from Bensound

Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed Realtor with Realty One Group in California under DRE 01923240.

#homeprices #housingmarket #forbearances

Видео News Flash: Forbearances, Home Prices and Mortgage Interest Rates канала Jason Walter