As most of us know, the mortgage market had a banner year in 2020. Interest rates bottomed out, applications surged, and lenders were busier (and sometimes stricter) than ever. But can you expect the same in 2021? Are rates still at record lows? If you’re planning any new investments this year, you’re probably wondering just that. These mortgage statistics can answer all your questions and more.
Will these low rates stick around? Probably. Though widespread coronavirus vaccines could move the needle a bit, our experts predict rates to stay low for the majority of this year.
6 Mortgage Statistics Investors Should Know in 2021