Mortgage Roundup (5/7/21) – Rates, Values & Beefs

Good morning! Today is Friday, May 7. New York City is pitching free vaccines for tourists to spur economic recovery. There’s a chicken shortage, and restaurants can’t keep up with demand. South Florida’s population growth slowed sharply as people moved away or died during the pandemic.

And in mortgage and housing news …

MORTGAGE RATES: The Mortgage Note reports that mortgage rates dropped slightly again, remaining under 3 percent for the week.

HOME VALUES: Homeowners aged 62 and older saw their collective housing wealth increase in Q4 2020 by 3 percent compared to the previous quarter. 

CONSUMER BEEF: New CFPB reports show that overall consumer complaints about their mortgage complaints have climbed to their highest levels in three years.

MAKING MONEY: Where are home seller profits the highest?

NEW HOMES: Newly built homes make up 26 percent of inventory.

LOW CREDIT: A new study from real estate tech provider OJO Labs found that there is a staggering gap in credit support and guidance among those who need it most.

BROKER WARS: A Rocket Mortgage official declared “we are winning” the Broker Wars.

EVICTIONS: The story of a California woman that three different landlords tried to evict in the last year. She’s still there.

CAUTIOUS NEW YORKERS: Real estate managements companies in New York City are playing it slow in lifting Covid protocols.