2021 represented a banner year for real estate, leaving many to inquire about 2022 mortgage rates. Last year, mortgage rates hovered around record low numbers. Real estate experts largely attributed this to the prevalence of the coronavirus pandemic, and its numerous variants.

The Delta variant spurred a startling mortgage rate plummet as of late. Mortgage rates declined as a result of the increasing economic uncertainties. Analysts attribute the uncertainty to the COVID-19 Delta variant and its mutations. As a result, the average 30-year loan rate fell to a five-month record.

Economic activity continues to ramp up as the nation further eases COVID restrictions and prepares for the upcoming presidential election. Social unrest, the death of Supreme Court Justice Ruth Bader Ginsburg, and concerns over the Coronavirus pandemic continue to remain incredibly important.

After many states had moved towards phased reopenings of their respective economies, many are now preparing to hunker back down as COVID numbers rise and uncertainty continues to prevail.Nonetheless, July brought plenty of good news throughout the market. Overall, the United States economy appears to be recovering quicker than originally expected.

In response to the COVID-19 pandemic, the Fed lowered the historically low prime interest rate to 0%. Interest rates for 30-year mortgages are currently at historic lows, around 3% for the past few months since the virus outbreak.

These are certainly uncertain times for much of the U.S. economy, but one industry that is still open is real estate. Especially given the current interest rate, many lenders are overwhelmed with mortgage applications.

The ongoing COVID-19 pandemic continues to dominate the headlines. Some states are finally starting to open back up, while others are committed to a few more weeks, at least, of the stay-at-home order. Investors and markets across the world wait in limbo for daily updates.

The $2 trillion dollar stimulus package signed by President Trump is the first attempt by the government to slow the economic downturn caused by COVID-19. The stimulus, the largest in U.S. history, provides relief for individuals, families, and several businesses. Here’s what you need to know.

The market has been anything but normal over the past few weeks as the U.S. economy has come to a standstill amid the COVID-19 outbreak. States and cities across the U.S. have issued stay-at-home orders.

President Trump had initially hoped the economy would be reopened by mid-April, but his latest guidelines urge stay-at-home orders to remain in effect through the entirety of the month. Only essential businesses — real estate, title insurance, healthcare, hospitality, food, shipping, law, infrastructure, and energy — have remained open with the rest moving their operations entirely online and mandating “work-from-home” policies.

Late last week, Illinois Governor JB Pritzker issued Executive Order 2020-10 in response to the COVID-19 pandemic. This order implemented a stay-at-home mandate, emphasized social distancing, and identified essential businesses permitted to remain operational. The order took effect on Saturday, March 21, 2020, at 5:00 PM and is set to continue through April 7, 2020.

The COVID-19 pandemic has brought sweeping changes to the world, including significant disruptions in financial markets. In response, President Trump declared the pandemic a national emergency, implementing plans to increase testing and restrict travel to Europe. Across the U.S., schools, restaurants, bars, sporting events, and other nonessential businesses have temporarily shut down, leaving Americans navigating isolation and social distancing.

The biggest economic news of the past several weeks stems from the impact of the spreading coronavirus. Stock markets have tumbled, and investors remain uncertain. Despite this, reports from manufacturing, retail, and housing indicate growth in each respective industry.

January threw a variety of obstacles at investors around the world. Tensions seemed to flare between the United States and Iran, negotiations on trade continued between the U.S. and China, the coronavirus spread to several countries, and impeachment proceedings continued in the Senate. Despite all of this, the stock market entered February at an all-time high while several other signs of growth persist.