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...

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 ...

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...

Rushing to Refinance: Why More Consumers are Looking to Refinance in an Uncertain Market

We don’t yet know the full extent of the impact this pandemic will have on the housing market. However, according to a recent study conducted by Cultural Outreach, 73.8% of millennial homebuyers are m...

Mortgage Rates On the Rise Read This Before You Refinance

What is a Good Mortgage Rate? The answer to that question can vary depending upon everything from your personal financial situation to current housing market conditions. Of course, the adage, “the low...

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...

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...