by Danseal | Apr 1, 2020 | Finance
The coronavirus appears to be splitting the mortgage market: More borrowers are refinancing to save money on monthly payments, while potential homebuyers are backing away fast. Driven entirely by refinancing, total mortgage application volume increased 15.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 67% higher […]
by Danseal | Apr 1, 2020 | Finance
Homebuilding stocks had a rough March.The iShares U.S. Home Construction ETF (ITB), which tracks the group, closed out its worst month ever on Tuesday with a more than 33% loss since Mar. 1, adding to a cacophony of gloomy statistics that included the Dow Jones...
by Danseal | Apr 1, 2020 | Finance
April 1 is here. Meeting routine financial obligations, such as rent and student loans bills, will be a challenge for the millions of Americans who find themselves without a paycheck thanks to the coronavirus outbreak. Overwhelmed? Scared? Begin by making a list of...
by Danseal | Apr 1, 2020 | Finance
As world markets, especially U.S. markets, tremble on surging cases of the coronavirus, there’s one market seeing investors return: China.The infection rate of coronavirus has slowed in China, and there appears to be a growing appetite among fund managers to...
by Danseal | Mar 31, 2020 | Finance
While homebuyer demand has plummeted, there are still some out there who may need to move, and either purchase or rent a home. So, much like all interaction in the age of COVID-19, home touring is moving online, using robots and going solo.Zillow, a home listing site,...
by Danseal | Mar 30, 2020 | Finance
New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018.Lucas Jackson | ReutersNew Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage...
