Higher home prices force borrowers to take out larger loans

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National Association of Realtors
October 1, 2021
 

Buyers Taking Out Larger Loans

Borrowers are carrying more mortgage debt in order to afford rising real estate prices.
Lenovo’s Semi-Annual Sale is back and better than ever. NAR members receive up to 70% off Lenovo’s award-winning tech and much more, now through Oct. 17th. Sign up for MyLenovo Rewards as a new member anytime between Oct 4-17 and receive 3X rewards with purchase! Log in with NRDS ID at www.lenovo.com/NAR or call 800-426-7235 for sales help.

What You Should Know About FEMA’s Risk Rating 2.0

The agency heard your concerns and those of your clients and adopted most of the recommendations from NAR’s Insurance Committee.

Mortgage Rates Back Above 3%. Will They Keep Rising?

The rate for the 30-year loan posts a sharp rise after spending nearly four months below 3%, Freddie Mac reports.

Where Bills That Affect Real Estate Stand on Capitol Hill

Friday marks the first day of the new fiscal year for the federal government, a consequential date for a raft of programs and government funding.

Survey: Owners Fear Financial Burden of Foundation Repairs

About a quarter say they’d rather sell their home than fix a problem with its foundation.

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