Mid-Island Mortgage Corp.

The National Association of Home Builders‘ Home Building Geography Index found that during the third quarter, the exodus from big cities to the suburbs and less expensive areas increased as people continue to work remotely. Read More: https://newslink.mba.org//suburbs-see-greatest-gain-in-si/ #homepurchase #realestate #relocating #construction

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to a survey low of 2.92% from 2.99%. Mortgage applications to purchase a home rose 4% for the week and were 19% higher than the same week one year ago. Read More: https://www.cnbc.com//another-record-low-mortgage-rate-jus #interestrates #refinance #homepurchase

Housing and all of the spending related to housing make up in the neighborhood of 15% of this economy, according to the National Association of Home Builders. So it’s no small thing that the housing market continues to be one of the only bright spots in that economy. Read More: https://www.marketplace.org//who-actually-gets-those-low-/ #housingmarket #mortgage

Happy Thanksgiving #Thanksgiving

Prices were 12.2% higher than they were a year ago for the week ending Oct. 10, according to Realtor.com data Read More: https://www.marketwatch.com//why-are-home-prices-rising-so #realestate #mortgage #homeprices

Homeownership is the primary contributor to wealth building for Black households and continues to hold promise for building multigenerational wealth and housing stability for households of color. Read More: https://www.urban.org//closing-gaps-building-black-wealth- #homeownership #wealthbuilding

TransUnion: Popularity of 15-, 20-Year Mortgages Continues to Grow Read More: https://newslink.mba.org//transunion-popularity-of-15-20-/ #mortgage #homeownership

Residential real estate markets across the globe have seen dramatic shifts since March, as buyers rush to find more spacious properties, no longer tethered by daily commutes to physical offices in city centers. Read More: https://www.barrons.com//the-pandemic-sharpened-sea-change #realestate

Happy Veterans Day #VeteransDay

https://newslink.mba.org//latinx-americans-driving-u-s-ho/ #homeownership

https://newslink.mba.org//jessica-longman-education-is-ke/ #homeownership #propertytaxes

https://newslink.mba.org//ellie-mae-low-interest-rates-sp/ #mortgage #millennials #interestrates

Another Great Closing at Mid-Island Mortgage: Newly married Megan and Kieran Proper (center with sign) were able to afford their new home in Massapequa thanks to the expertise of their loan officer Stephanie Santoro (left). Also pictured left to right are mother Laura, Exit Realty Dream real estate agent Aret Kayserilioglu and sister Kaitlyn. #mortgage #closings

https://www.cnbc.com//mortgage-rates-set-another-record-lo #refinance #mortgage