December 31, 2020
All eyes have been on mortgage rates this year, especially the 30-year fixed-rate, which has dropped more than one percentage point over the last twelve months, driving housing market activity in 2020. Heading into 2021 we expect rates to remain flat, potentially rising modestly off their record low, but solid purchase demand and tight inventory will continue to put pressure on housing markets as well as house price growth.
Information provided by Freddie Mac.
December 24, 2020
The housing market is poised to finish the year strong as low mortgage rates continue to fuel homebuyer demand and refinance activity. Moving into 2021, we expect rates to hold steady but the key driver in the near term will be the trajectory of the COVID-19 pandemic and the execution of the vaccine.
Information provided by Freddie Mac.
Showing activity remains higher than the same period a year ago across most of the country, suggesting that strong buyer demand is likely to continue into what is typically the slowest time of year.
December 17, 2020
The housing market continues to surge higher and support an otherwise stagnant economy that has lost momentum in the last couple of months. Mortgage rates are at record lows and pushing many prospective homebuyers off the sidelines and into the market. Homebuyer sentiment is sanguine and purchase demand shows no real signs of waning at all heading into next year.
Information provided by Freddie Mac.
Fannie Mae is predicting that continued low rates and possibly lower rates are expected in 2020.
“Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates.”
“There’s a lot of interest in the housing market and how a changing economy affects one’s position within it.”
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All information deemed reliable but not guaranteed and should be independently verified.