Mortgage Roundup (4/23/21) – 3%, Estates & Summer

Good morning! Today is Friday, April 23. The U.S. Senate passed a bill to combat hate crimes against Asian Americans. The University of California and Cal State systems plan to require Covid-19 vaccinations this fall. The U.S. House approved a bill that would admit Washington, D.C., as the 51st state.

And in mortgage and housing news …

BELOW THREE: The Mortgage Note reports that mortgage rates fell below 3 percent again this week for the first time since April.

FORBEARANCE: More homeowners are leaving mortgage forbearance, but they still need help.  

ESTATE PLANNING: What happens to your mortgage when you die

STILL AFFORDABLE: Most buyers can still afford to buy a home despite the red-hot market.

2021 FORECAST: Nervous buyers and sellers are asking: “When is the housing market going to crash?” Another forecast of what to expect this year.

FOREIGN INVESTORS: These 10 large commercial real estate markets attracted the most cross-border capital in 2020.

ALTERNATIVE FINANCING: The three biggest alternative financing methods disrupting real estate.

LIVELY SUMMER: Short-term vacation rentals are seeing a surge in demand and their owners are prepared for a lively summer.

HOME VALUE DISPARITY: Homes in Black neighborhoods are undervalued by $46,000 on average.

AVOID OVERPAYING: With 42 percent of homebuyers paying more than list price and nearly two-thirds of offers facing bidding wars, it’s easy to get swept up in this frenzied housing market.