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The pandemic has surprisingly become a busy time for this mortgage broker.
Low mortgage rates and high demand are good news for homeowners.
Mortgage finance company Freddie Mac says rates on 30-year fixed mortgages fell below 3% for the first time in 50 years.
And that’s one reason for the persistent homeownership gap.
April saw the biggest one-month jump in U.S. home loan delinquencies ever.
And getting a mortgage is harder, too.
Lenders are tightening credit standards as funding dries up.
The Mortgage Brokers Association expects the number of home loans in forbearance to increase rapidly.
Los Angeles mortgage broker Vivian Gueler is expecting a drop in the value of real estate.
Renters could also get a break if their landlords seek assistance.
