This week Matthew Gardner, Windermere Chief Economist, takes a look at the US housing forecast for 2021. Topics include mortgages, existing home sales, existing home values, new construction, the impact of homes in forbearance and the urban condo market. Overall the outlook is positive for a continuing strong real estate market and low interest rates.
This week Matthew Gardner, Windermere Real Estate’s Chief Economist, discusses current mortgage interest rates. Interest rates are currently right around 3% and mortgage applications, driven by those historically low rates, are up 25% over the same period last year. It’s amazing to look back to the early 1980s when mortgage interest rates were in the […]
We’re 12 weeks into more experience dealing with the impact of COVID-19 on the economy and specifically the local real estate market. After a significant market decline in new listings, buyer interest and closed sales in March and April (not at all surprising) real estate came back strong starting in early May. the number of […]
Windermere’s Chief Economist Matthew Gardner provides his insight on mortgage interest rates, how those rates are set and what we might expect in the coming weeks and months with regard to conforming and jumbo loan financing.