Mortgage Refinancings Boom, Even as Coronavirus Hits Economy

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The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as much of the economy stumbles.

Lenders issued $1.1 trillion in home loans between April and June, according to mortgage-data firm Black Knight Inc. That was the biggest quarter in the company’s records, which date to 2000. Lenders extended roughly $2.

5 trillion in home loans in all of 2019.
 

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This is Trumps America!

Well, the Fed holds almost a third of all bonds backed by home loans, meaning they can suppress mortgage rates and boost the housing market. But for how long?

How is it doing in liberal run cities riddled with crime?

Not enough money in the market for higher risk properties. Broken markets. Waiting for the fix that never happens.

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