Marc Edelstein, CDLP’s Post

Do you know the 5 C's of mortgages? Come check out this great article that unravels the mystery behind the 5 C's of mortgages and contact me to have any questions answered! https://bit.ly/4aZEnse

As their names suggest, traditional 'forward' mortgages and reverse mortgages have their fair share of differences. But just how different are they? Learn the similarities and differences between regular and reverse mortgages in the article below.

In the second quarter of 2024, 21.6% of outstanding mortgages had an interest rate below 3%. The Freddie Mac fixed rate on a 30-year loan dipped below 3% in July 2020, and generally stayed below the 3% threshold through September 2021. This was the only period in the data’s history (back to 1971) where rates dropped below this threshold.

In the second quarter of 2024, 21.6% of outstanding mortgages had an interest rate below 3%. The Freddie Mac fixed rate on a 30-year loan dipped below 3% in July 2020, and generally stayed below the 3% threshold through September 2021. This was the only period in the data’s history (back to 1971) where rates dropped below this threshold.

As their names suggest, traditional 'forward' mortgages and reverse mortgages have their fair share of differences. But just how different are they? Learn the similarities and differences between regular and reverse mortgages in the article below.

As their names suggest, traditional 'forward' mortgages and reverse mortgages have their fair share of differences. But just how different are they? Learn the similarities and differences between regular and reverse mortgages in the article below.

Here is some data showing the distribution of interest rates on closed-end, fixed-rate 1-4 family mortgages outstanding at the end of each quarter since Q1 2013 through Q4 2023: https://lnkd.in/gwhmbMWh

In the second quarter of 2024, 21.6% of outstanding mortgages had an interest rate below 3%. The Freddie Mac fixed rate on a 30-year loan dipped below 3% in July 2020, and generally stayed below the 3% threshold through September 2021. This was the only period in the data’s history (back to 1971) where rates dropped below this threshold.

In the second quarter of 2024, 21.6% of outstanding mortgages had an interest rate below 3%. The Freddie Mac fixed rate on a 30-year loan dipped below 3% in July 2020, and generally stayed below the 3% threshold through September 2021. This was the only period in the data’s history (back to 1971) where rates dropped below this threshold.

In the second quarter of 2024, 21.6% of outstanding mortgages had an interest rate below 3%. The Freddie Mac fixed rate on a 30-year loan dipped below 3% in July 2020, and generally stayed below the 3% threshold through September 2021. This was the only period in the data’s history (back to 1971) where rates dropped below this threshold.