- Housing News
- March 8, 2021
Mortgage Lending Hit a 20-Year High at the End of 2020
Thanks in large part to mortgage interest rates that were comfortably below 3%, the mortgage industry just finished its best quarter since at least 2000.
Ben is the Managing Editor for New American Funding. In this role, Ben helps with content creation, news coverage, and serving our audience of borrowers, real estate agents, loan originators, and other housing professionals. Prior to joining New American Funding, Ben worked at HousingWire, a top housing media outlet. Ben joined HousingWire in 2014 as a reporter and was later promoted to Senior Financial Reporter, Editor, and eventually to Managing Editor. During his time at HousingWire, Ben helped elevate HousingWire to national acclaim and record traffic growth. He was also honored with multiple awards for his work, including an Eddie Award from Folio Magazine and a Gold Award for Best Trade Magazine Story from the National Association of Real Estate Editors.
Thanks in large part to mortgage interest rates that were comfortably below 3%, the mortgage industry just finished its best quarter since at least 2000.
There are many considerations when deciding between renting and homeownership. Each have their benefits, but one area where homeownership has the advantage is when it comes to your taxes.
Home sales continued rising in January, proving that the brief slowdown back in November was just a minor bump in the road for a housing market that's hotter than it's ever been.
After spending so much time at home last year, 'home' now means much more than just a place to live.
Remember back in December when we learned that home prices were rising faster than they had in 15 years? And then when that figure was topped the next month? Well, you ain't seen nothing yet.
Home buyers continue to be very interested in newly built homes, as a new report shows that mortgage applications for new home purchases continued increasing in January.
Homebuilders Still Optimistic About Housing Despite Record High Lumber Prices. All indications so far are that this year is going to be a very productive one for the homebuilding industry. Therefore, it's probably not a surprise that homebuilders are still feeling bullish about their prospects for 2021.
Those who have been following housing and real estate know that nationwide home prices rose throughout last year, escalating to a record-breaking pace toward the end of the year. But what about things at a more local level? Here are the Housing Markets with the Largest Home Price Increases in the Last Year.
Believe it or not, tax season is already here. And if you are looking for possible deductions on your federal income taxes, there are plenty of reasons to read on about form 1098. If you completed a mortgage refinance in 2020, you may be realizing the benefits of lower payments and possibly a lower rate.
At a time when interest rates have never been lower, it is getting somewhat easier for borrowers to take advantage of those low rates.