Mortgage Roundup (4/15/21) – Apps, Prep & Condos

Good morning! Today is Thursday, April 15. President Biden said he will pull troops from Afghanistan by September 11. Democratic lawmakers are presenting a plan to expand the Supreme Court. Instagram is running a pilot program that allows you to hide the number of likes. 

And in mortgage and housing news …

MORTGAGE APPS: The Mortgage Note reports that mortgage applications dropped 3.7 percent for the week ending April 9.

GENERALLY FAVORABLE: According to Freddie Mac’s most recent quarterly forecast, conditions will remain generally favorable for the housing and mortgage market through 2022 as the economy continues to improve.

DISASTER PREP: To what extent have homeowners prepared for natural disasters?

RESIDENTIAL SEGREGATION: The Department of Housing and Urban Development has submitted drafts of two fair-housing rules for review.

AFFORDABLE CONDOS: How lagging condo prices could mean good news for first-time homebuyers. 

STUDIO SPACE: The desire for 24/7 streamed entertainment has increased Hollywood’s need for more real estate as production sets are in high demand.

HOME INSPECTIONS: What to do if you’re selling your home and the inspection turns up a lot of problems.  

APPRAISAL GAP: The Maryland General Assembly passed legislation to help confront the real estate appraisal gap in redlined areas.