Almost everything about the housing and mortgage landscapes right now is driven by three factors: a limited stock of homes, low mortgage rates and the ongoing recovery of the coronavirus pandemic. Here’s how those trends played out this week.

1. When sellers become buyers, they lose their advantage

Mainly due to the aforementioned limited home inventory, real estate transactions are proceeding at breakneck speed. This is great for sellers, but when those same sellers turn to buying their next home, they find themselves side by side with hordes of other buyers competing for that rare offer. If you don’t plan for concurrent real estate transactions in advance, you could end up with no place to live for a while. Here’s how to avoid this spell.

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2. Shopping for your mortgage remains crucial

With rates near historic lows, you might be lulled into thinking that it’s no longer important to look for multiple deals when looking for a new mortgage. You are likely to get a good deal no matter who your lender is, right? Perhaps. But with high value loans, small differences in interest and other terms can make a big difference in the long run. Even in this environment of ultra-favorable interest rates, it still pays to play in the field.

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3. Tenants ready: the moratorium on evictions comes to an end

The national moratorium on evictions is expected to end at the end of June, and the result could be millions of tenants forced out of their homes. While federal protections may end, if you are a tenant who is struggling to make your payments, other resources may still be available to help you stay where you are.

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4. Should you consolidate your student loans into a mortgage refi?

With low mortgage rates, it can be tempting to refinance and take on other debt, such as student loans. While you can save money in interest payments with this strategy, it has some drawbacks, including specific student loan protections and forgiveness programs that will no longer be available if you transfer this debt.

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5. Buy a house out of wedlock

It’s wedding season and, because we’re not your mom, we don’t really care if you’re planning on getting married anytime soon. Instead, here are some tips for you if you plan to buy a property with your partner without putting a ring on it first.

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