This week in rental property, the 30-year fixed mortgage rate fell to 3.86 percent from last week’s 3.91 percent. New mortgage forms will be mandated from October 3rd. The New York Times talks in details about the new disclosure rules and the Washington Post provides professionals’ thoughts on what the new mortgage closing process means for consumers. The talk around the rental...
This Week in Rental Property, the 30-year mortgage rates rose up to 3.89 percent rebounding from last week’s sharp decline. Experts and researchers are expecting an influx of Chinese investors into the U.S. real-estate market due to Chinese yuan devaluation and the stock market turmoil. A study by John Burns Real Estate Consulting revealed that in most areas of the country, home-ownership...
This week in rental property, mortgage rates fell below 4% after the Federal Reserve signaled to increase interest rates this year. CNBC cited the expected effects of the Fed’s rate hike. Once again, U.S. home rental prices rose in June with the homeownership rate down to the lowest level in 48 years. According to a study, Airbnb is making even harder to find apartments in New York City...