Forbearance Plans Drop to New Low

Forbearance, (when mortgage lenders allow you to delay payments for a specified time) rates are at a 7 month low.  Many homeowners took advantage of forbearance plans in the early Spring due to COVID-19.  Mortgage forbearance plans make up almost 6% of all mortgages which is the lowest rate since April when it was 3.74%. Continue reading “Forbearance Plans Drop to New Low”

Millennials Help Keep Home Sales Strong

20 and 30-year-old home buyers are helping to keep the home sale market strong.  More than half of new mortgages were made to this demographic according to Realtor.com.  Millennials have now surpassed Baby Boomers as the largest adult group in America. 

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