Mortgage Rates Plunge as Wall Street Worries About Covid-19 Resurgence
The rate dropped almost a tenth of a percentage point as bond investors worried about a jump in Covid-19 infections.
The rate dropped almost a tenth of a percentage point as bond investors worried about a jump in Covid-19 infections.
The housing wealth of Americans rose to a record $32 trillion dollars at the end of 2020, according to the Fed.
The average U.S. FICO score rose to 710 in 2020 from 703 in 2019 while late payments and credit utilization dropped as Americans hunkered down during the Covid-19 pandemic.
The IMF upgraded its economic growth forecast, saying the U.S. will lead developed nations with a 6.4% surge in GDP this year, faster than the 6% global pace.
The average U.S. rate for a 30-year fixed mortgage fell to 3.13% this week, the first drop since early January, Freddie Mac said in a report on Thursday.
Bloomington and Iowa City are the best markets in the U.S. for first-time homebuyers, according to realtor.com's ranking of cities by affordability, inventory, and job opportunities.