Is COVID-19 Going to Blow Up The Mortgage Market?
What kind of effects will this pandemic have on the real estate and mortgage markets? Here are my thoughts on the topic.
The big question in the air right now that I’ve been hearing a lot lately is, “What’s going to happen to real estate moving forward from this pandemic?” As unemployment continues to skyrocket, there are going to be fewer people getting mortgages, even with rates as low as they are right now. There are some parallels to what’s going on now and what we saw in 2008, but there are also some stark contrasts. What will changing mortgage guidelines and fluctuation rates do to the market?