Mortgage Lending Explodes to 20 Year High
Clearly one of the big winners to come out of the coronavirus crisis is the U.S. housing market. Demand remains incredibly strong and the mortgage market is proof of that. Loan originations just hit a 20 year high of $1.1 Trillion for the quarter for both purchase money mortgages and refinances.
It seems that many are getting repositioned either with putting cheaper financing on their existing home due to record low mortgage rates, or they are buying a different home possibly in a different area as a result of Covid.
It seems we say this every year of late, but there’s never been a better time to sell your home than right now from what I recall having been in the business for 17 years.
About The Author
John Murphy
Husband of 34 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 15-31 and 5 grandchildren. I’ve been a licensed REALTOR since 2003 and broker since 2007. I also am a cost segregation specialist helping building owners and real estate investors maximize their tax deductions, save thousands on their income taxes and increase their cash flow. If you’re a building owner you probably haven’t done a study…let’s connect. There is no obligation. We can run an estimate for you and really every building should be evaluated if the basis is over $150,000. I can work all over the country and not just here in the Upstate. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either eXp Realty LLC, Cost Segregation Services, Inc. or any other company, organization or group that I might be affiliated with.