Real Estate Market Update: April 3, 2020

April 3, 2020

Our lives and our businesses are being changed daily by the coronavirus (COVID-19). Although no business is immune to the pandemic, there’s been much in the news about how the mortgage market has been affected.  

While some mortgage companies have paused lending and others have closed their operations, Prosperity Home Mortgage, LLC, took swift action last month and continued to serve clients remotely – without missing a beat. 

The professionals at Prosperity are working diligently and remotely to partner with agents and serve clients. When working with Prosperity, clients can proceed with confidence knowing they’re working with an organization with solid backing as members of the Long & Foster family of companies. Because of that relationship, Prosperity is able to build home loans around clients’ unique needs and seamlessly coordinate the home-buying and selling process, no matter the market conditions.  

Although mortgage guidelines are changing rapidly, conditions are favorable for qualified buyers. Interest rates remain at historic lows, allowing buyers to get more home for their money.

If you want to learn more about the mortgage market today, contact a Long & Foster agent who can answer your real estate questions and connect you with a Prosperity partner.