Mortgage Market Ridiculously Good or Just Ridiculous?

It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low rates.
With record after record being set in close succession, the mortgage environment has been ridiculously good for most homeowners. For others, it’s just been ridiculous.
Record low rates make a lot of sense given the economic outlook.  In general, economic weakness coincides with lower rates, and there’s been plenty of that to go around….(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Source: mortgagenewsdaily.comNew feed