The U.S. Supreme Court put an end to the Centers for Disease Control and Prevention’s eviction moratorium late last week. This decision brings to a definitive end the freeze on evictions for renters that has gone on for more than a year.
In the 6-3 ruling, the Court decided that the CDC’s eviction moratorium was unlawful. The decision is a victory for small level landlords and the National Association of Realtors who helped support the appeal.
The lifting of the eviction ban, however, does not override individual’s states continuation of such programs. In California, a freeze on all evictions remains in place through the month of September.
Today, conforming no-point 30-year fixed mortgage rates are averaging 2.75 percent and 15-year rates are near 2.00 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.