Mortgage Application Demand Stalls: Housing Market at Risk? And Forbearance Update
Mortgage Application Demand Stalls: Housing Market at Risk? And Forbearance Update // Mortgage rates surged to their highest level since July and this has caused mortgage applications to slow recently. In addition, because mortgage interest rates have increased, refinances have also weaned as well. I also give you a loan forbearance update.
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To give you a 2021 housing market update if you’re a homebuyer, mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending February 26, 2021.
According to the MBA, the average 30yr fixed rate mortgage had their largest single-week increase in almost a year, rising from 3.08% to 3.23%. This is the highest mortgage interest rate since July 2020.
The MBA's Purchase Index was ONLY 1 percent higher than the same week one year ago. This rate has been decelerating in recent weeks.
Here’s the latest loan forbearance numbers: the rate of mortgage forbearance increased slightly to 5.23%. This is the percentage of the total number of loans in forbearance. Now, approximately 2.6M homeowners are in forbearance mortgage.
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 housing market crash 2021 or do you think the real estate market will continue to surge?
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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
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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
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Moving to Sacramento? Top 10 Reasons to Move Here:
https://youtu.be/LHfCyvnSR1w
5 Pros & Cons of Living in Sacramento:
https://youtu.be/4xVgRZ4alDY
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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.
#housingmarket #mortgagerates #forbearance
Видео Mortgage Application Demand Stalls: Housing Market at Risk? And Forbearance Update канала Jason Walter
WeBull FREE stock promotion (get TWO 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
To give you a 2021 housing market update if you’re a homebuyer, mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending February 26, 2021.
According to the MBA, the average 30yr fixed rate mortgage had their largest single-week increase in almost a year, rising from 3.08% to 3.23%. This is the highest mortgage interest rate since July 2020.
The MBA's Purchase Index was ONLY 1 percent higher than the same week one year ago. This rate has been decelerating in recent weeks.
Here’s the latest loan forbearance numbers: the rate of mortgage forbearance increased slightly to 5.23%. This is the percentage of the total number of loans in forbearance. Now, approximately 2.6M homeowners are in forbearance mortgage.
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 housing market crash 2021 or do you think the real estate market 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.
#housingmarket #mortgagerates #forbearance
Видео Mortgage Application Demand Stalls: Housing Market at Risk? And Forbearance Update канала Jason Walter
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