How the Pandemic Affects Buying a Home

In this time of crisis, people are returning to the roots of their humanity and looking to the nostalgic pastimes of generations ago like baking sourdough bread and gardening. The home has once again ...

How COVID-19 Has Shifted the US Economy

As stay-at-home orders were put into place; the U.S. quickly shifted into a work-from-home economy and the use of video conference calls for remote work boomed.  Stanford economist Nicholas Bloom rece...

How Rising Rates Will Affect You

Interest Rates are Going Up The March jobs report marks one year since the first pandemic job losses, and even with the improving job numbers, the number of employed Americans is not expected to retur...

Industry Terminology: Forbearance vs. Deferment

During this novel coronavirus (“COVID-19”) pandemic, the Newrez family of companies is committed to helping our customers, including offering alternate payment programs as allowed by loan owners/inves...

Industry Terminology: Loan Modification

What is Loan Modification? Simply put, loan modification refers to any change or alteration that a lender makes to a loan. A loan modification could include a reduction in the interest rate, an increa...

A History of Mortgage Rates

Inflation and Mortgage Rates In 1971, the average mortgage rate was 7.31% - a rate that may seem relatively high compared to today’s rates. However, in 1974 the average annual rate of inflation began ...

Mortgage Rate Predictions for 2022

The Fed is Fighting Inflation – Expect to see Rates Climb First, what is the Federal Reserve? The Federal Reserve (Fed) is the central bank of the United States that serves to regulate the U.S. bankin...

3 Tips to Avoid Buyer’s Remorse and Shop Smarter

Everyone experiences buyer’s remorse at some point or another and to varying degrees, whether it’s as small as splurging on a latte and regretting it or pulling the trigger on a home purchase. Will th...

When Will The Housing Market Slow Down?

Home Loan Options in 2022 When buying a home in 2022, first and repeat homebuyers have many tools at their disposal. From down payment assistance to Jumbo loans, lets dive into your home loan option...