COVID-19Purpose Mortgage delinquency has become a major crisis following the COVID-19 pandemic. This study explored mortgage delinquency antecedents, focusing on two individual-level factors: financial literacy and personality traits. Design/methodology/approach Using a large sample of 2,511 consumers,...
If we look beyond the impact on rates and program availability, there are other reasons a homeowner should think twice before requesting a forbearance they don't need. As the guidelines currently stand, there is no guarantee that they'd be able to refinance or get a new mortgage with forbear...
COVID-19 has had a tremendous impact on all parts of the economy, including the mortgage lending process. Home buying demand has increased thanks to low interest rates, but the current housing market and the increased lending standards have made the process more difficult for some borrowers of ...
OTTAWA, March 25 (Xinhua) -- At least 34 percent of Canadians are worried about missing a rent or mortgage payment this month because of the impact of COVID-19, according to a survey issued by Canadian Angus Reid Institute on Wednesday. The COVID-19 pandemic has caused widespread layoffs ...
Throughout the pandemic, we have continued to meet the needs of our homebuyers while ensuring their safety and wellbeing. If you have additional questions about the homebuying process or any of our procedures as they relate to COVID-19, pleasereach out to a Waterstone Mortgage loan professiona...
Mortgage rates during and after pandemicSimilar to 30-year rates, 15-year rates bottomed out during the COVID-19 pandemic and have been steadily rising to “normal” rates ever since. Looking at the five-year period from August 2019 to August 2024, 15-year rates entered the pandemic at a...
life has changed substantially following the COVID-19 outbreak but thesteps on how to buy a homehaven’t changed much at all. The very first place to start when contemplating a home purchase is to explore mortgage loansvia an online aggregator such as Credible.com to compare rates and ...
Below, they offer their advice on some frequently asked questions about Covid-19′s impact on real estate, renters, and the housing market. 1. How could the pandemic affect the real estate market? “The most immediate effect onthe housing marketwill be a near-total...
“Charging interest accrued on loan payment breaks during Covid-19 is the banks profiteering on the pandemic,” he said. “The idea here from the banks or indeed the Government that these new guidelines are a bolt from the blue… does not add up. I have a letter from the Central Bank ...
Here are the current average mortgage rates in the United States—plus everything you need to know about how mortgages work.