https://youtu.be/wRb2qK0RkDU There is no set definition about what is considered pre-qualified and what is…
Nebraska Mortgage Rates | March 19 2021
Weekly Rate Update
Rates fluctuate everyday and are based on several factors. For an exact rate quote, submit your request HERE for a free evaluation.
PMMS 3/18/2021
For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%. Rising mortgage rates typically signify a recovering economy, and despite applications for mortgages dropping week-over-week, Freddie Mac’s Chief Economist Sam Khater expects a 3% rate to sustain market interest for many potential buyers.
A number of economists say rising rates may just be what the industry needs to cool the insane housing demand the market has been struggling to maintain for months. Increased inventory was the initial hope. However, due to consistent materials supply shortages and lumber prices that are up about 200% since April 2020, the builders’ confidence index dropped in March and single-family housing starts declined in February.
MBA 3/10/2021
With spring approaching – signaling the start of a busy buying season – the purchase market sported its strongest showing in four weeks, with gains in both conventional and government applications, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting.
Other useful links
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- Why your assets matter
- Mortgage Calculator
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- FHA vs Conventional, which is better?
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