“Mortgage rates fell below 3 percent for the first time in 50 years" Sam Khater (Freddie Mac’s Chief Economist)

• MCLEAN, Va., July 16, 2020 (GLOBE NEWSWIRE) 
• Freddie Mac(OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), 
• showing that the 30-year fixed-rate mortgage (FRM) averaged 2.98 percent, 
• the lowest rate in the survey’s history dating back to 1971.

Full article: https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-fall-below-three-percent

New construction home sales are up 55%, the highest pace since the housing boom.

• Sales of newly built homes jumped 55% annually in June, according to a monthly survey by John Burns Real Estate Consulting, which has historically mirrored the U.S. Census report.

• It was the largest annual gain since homebuilding began again following the epic housing crash a decade ago. It is also the highest pace since the height of the unprecedented housing boom in 2005.

Top 50 Metropolitan Areas With the Strongest Rebounds Since Lockdown

See if your Area made the list:

Consumer Views On Buying and Selling a Home (2nd Quarter)

Full Article:  https://www.nationalmortgagenews.com/news/home-sales-outpace-projections-in-june-but-coronavirus-clouds-outlook?utm_source=twitter&utm_campaign=natmortgagenews-tw&utm_medium=social&utm_content=socialflow

Remote Online Notarization Laws 2020

Source:  https://www.youtube.com/channel/UCHkeJOyp0Pb3dJSt4iXjPQA

Home Flipping Rate Increases to 14-Year High (1Q 2020)

• Flipped Home Sales hit its highest level since 2nd Quarter 2006!
• However, Profit Margins on flipped homes sit at the lowest level since 3rd Quarter 2011.
• Home Flips Purchased with financing dip, while those purchased with cash climb. 

Much more information here in the Full Article:

https://www.attomdata.com/news/market-trends/flipping/attom-data-solutions-q1-2020-u-s-home-flipping-report/

Mortgage Credit Availability at lowest level since April 2014 (Mortgage Bankers Association)

Press Release:

"The overall credit availability index decreased 3.3% to its lowest level since April 2014, with all of the sub-indexes falling to lows not seen since 2014-2015," Joel Kan MBA's associate vice president of economic and industry forecasting.

Full Article:  https://www.nationalmortgagenews.com/news/mortgage-credit-availability-fell-over-30-in-four-months-mba?utm_campaign=natmortgagenews-tw&utm_source=twitter&utm_content=socialflow&utm_medium=social