Eviction moratorium comes to an end

Eviction moratorium comes to an end

Eviction moratorium comes to an end
Last week a federal judge has ruled to overturn a national eviction ban that has been in place for most of the pandemic. The Department of Justice has since announced that they would be appealing the ruling. Millions of Americans are estimated to be behind on their rent payments after losing income during the coronavirus pandemic.

The original moratorium on evictions was put in place in March 2020 by the Centers for Disease Control and Prevention. However, U.S. District Court Judge Dabney Friedrich ruled that the CDC overstepped its authority, putting an end to the eviction freeze.

This latest ruling does not overrule state and local eviction moratoriums, though.

Today, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.375 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.