--- title: "ON KNWA: NATIONAL HOMEOWNERSHIP MONTH" description: "June is National Homeownership Month. Here to go over the mid-year review of the state of the homeownership is Robert Brown, loan officer at Rock Mortgage." image: https://blog.blrmortgage.com/hubfs/Robert.jpg --- ![blrm_logo-166x45.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blrm_logo-166x45.png?width=166&name=blrm_logo-166x45.png "blrm_logo-166x45.png") ![logo-rock-mortgage.png](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/logo-rock-mortgage.png?width=180&name=logo-rock-mortgage.png "logo-rock-mortgage.png") ![blog-bg.jpg](https://blog.blrmortgage.com/hs-fs/hubfs/Mortgage_Site/images/blog-bg.jpg?width=1600&name=blog-bg.jpg "blog-bg.jpg") # NEWS # ON KNWA: NATIONAL HOMEOWNERSHIP MONTH Posted by [Blake Montgomery](https://blog.blrmortgage.com/mortgage-newblog/author/blake-montgomery) on Jun 15, 2020 12:19:34 PM ![Blake Montgomery](https://app.hubspot.com/settings/avatar/0d0a314baa0a411b65de2e97005b52d9) - [Tweet](https://twitter.com/share) Watch Robert, Jason and Jaclyn to learn more                   From the June KNWA interview with Robert Brown, Jason Suel and Jaclyn House No Headphones.  No Problem.  See below for transcript. [Music] welcome back June is national home on a ship month and Covid 19 has put maybe a smaller damper on Arkansas homeowners dreams along with the rest of the country but is there any indication of optimism and the market we're here to answer that we're gonna do a mid-year review of the state of home ownership here to help us it's Robert Brown loan officer from Rock Mortgage hey Robert Robert good morning hi good morning to you so what makes this year's national home ownership month a little different those other years people don't know this but national homeownership mine month actually started as a week-long celebration in the 1920s created by local real estate associations and grew into a month-long celebration initiative created by HUD today we celebrate by helping people realize the dream of responsible home ownership this year's a little different because the dream has been put on hold for many Americans however it's not all gloom and doom out there yeah yes it is good to know optin optimism what's the current state of home ownership in your opinion Robert well record numbers of Americans entered into forbearance plans this year that is when you delay or reduce your mortgage payment for a predetermined agreed-upon time with one big payment due at the end to make up for the delayed payments you know that's a risky plan for some but it gives others the breathing room they may need in the short term we've also seen record numbers of people refinancing their mortgages prompted by falling interest rates this is good news in in March nationally they were about three point six five they failed a three point four eight in April and now I've seen a lot of rates in the twos Wow that's it's a really good time to buy reap in a future yeah yeah that is a big drop there with many people you know we've been seeing at home right with our families now do you expect this to affect where and in what type of house folks wish to live well you know bigger homes are obviously needed right now with everybody stuck in the house you know but you know like a like a smaller house like a condo that not really a big thing in Arkansas but those properties are 32% down over last year we you know like I said 97% of all single-family home purchases in Arkansas are single family residents but I'm sure if not you I'm sure you've got at least a friend that is complained about the lack of personal space well being locked it locked down at home there's a bunch of different loan types for folks that can get out of the city maybe like a US USDA Rural Development Lao maybe you can get you out of that apartment and into a into a an actual house for you give you a little bit more space yeah it's so true I have heard a lot of people say we're on top of each other you know so this is a good time for all of that yeah do you expect consumer confidence to return anytime soon you know the National Association of Homebuilders reported a seven-point uptick and confidence in May after hitting an 8-year low and hateful we're starting to see the economy the economy opened back up in financial pictures improve at the beginning of the year we were talking a lot about buying power Millennials who are at the stage in their lives when it makes sense for them to settle down and purchase a home in fact first-time homebuyers accounted for 36% of sales in April compared to 34% in March and 32% a year earlier how many of these folks have already geared up to purchase a home and if their jobs have remained stable or taking advantage of these low rates as we see more confidence return obviously the numbers are going doing for it yeah one final question here quickly tell us if folks maybe they are ready to purchase a home maybe they got their finances in order where do you suggest that they start you know you can always contact us here ROC mortgage talk about your options of refinancing or just planning for the future we're here for you and remain committed to supporting the community during this time whether you're interested in learning about forbearance refinancing or maybe you want to buy a home for you and your family just go to our website at Rock Mortgage lending com or give us a call at four seven nine three two one three three five five with any questions we're always here to help great Robert always great to chat with you thank you Robert we appreciate it absolutely thank you guys have a wonderful day all right you two stay safe Wow Topics: [first-time home buyer](https://blog.blrmortgage.com/mortgage-newblog/topic/first-time-home-buyer) [FHA Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/fha-loans) [On Time Closing](https://blog.blrmortgage.com/mortgage-newblog/topic/on-time-closing) [Home Loans](https://blog.blrmortgage.com/mortgage-newblog/topic/home-loans) [Low Down Payment](https://blog.blrmortgage.com/mortgage-newblog/topic/low-down-payment) ### Subscribe to Email ### Recent Posts ### Posts by Topic - 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