Mortgage July 9, 2021

Foregone Conclusion

For anyone worried that mortgage forbearance would eventually cause a flood of distressed properties to hit the market, there is good news this week.

 

The number of mortgages in forbearance continues to drop and hit its lowest point since April of 2020.

 

Loans in forbearance dropped 12% compared to one month ago.

 

It appears the growing economy is helping homeowners to exit forbearance and keep the market free of distressed properties.

BlogFun FactsWindermere Real Estate September 11, 2020

Forbearance Falls

The number of loans in forbearance just fell to their lowest level since mid-April.

 

This is good news for the real estate market.

 

Less and less people are seeking payment relief on their mortgages.

 

The number of loans currently in forbearance stands at 7.16%.

 

This news coincides with the U.S. Unemployment Rate falling to it’s lowest level in 5 months as more people are getting their jobs back.

 

The economy has added back roughly half of the 22.2 million jobs that were lost in March and April of this year.

waterfall

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