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About half of COVID-19-related forbearance plans expired last month, and one-fourth are set to expire this month, leaving mortgage loan servicers with the task of reviewing more than a couple of million loans for forbearance extensions or payment eligibility. Read full article Guillermo "Bill" Sanjurjo Realtor®  https://guillermo.realtor 12955 SW 42 St Suite 2, Miami, FL 33175  Cell: 786-232-1400

The national delinquency rate increased by 90.22%, according to Black Knight's latest  Mortgage Monitor Report , with 1.6 million new delinquencies since March and a rate of 6.45%, the largest single-month increase on record. Read more... as published in  Daily Dose ,  Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Miami Single-Family Luxury Homes Sales Rise 16.2 Percent Miami single-family luxury home sales jumped 16.2 percent in 1Q 2018, rising from 185 transactions to 215. Miami existing condo luxury home sales increased 8.4 percent year over year from 190 to 206. POSSIBLE MARKET TRIGGER Federal tax reform, sets a deductions cap for income, sales and property taxes at $10,000. The new cap is leading more residents of states with high property values and state income tax to purchase properties in states such as Florida, which has no state income tax and a pro-business tax structure. INTEREST RATES According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.27 percent for 1Q 2017, up from the 4.17 percent average recorded during the same quarter a year earlier. MIAMI DADE  RESIDENTIAL SALES REPORT Total existing residential home sales Declined 6.5 %  from 6,169 to 5,770 in 1 Q 2018 Total sales volume of $2.6 billion in 1Q 2018, a decline from ...

Mortgage Rates for November,30, 2016

Mortgage Rates for Monday November,28,2016 For information purposes only