This week in rental property, long term mortgage rate edged up to 4.02 percent. Home buyers and sellers heading into the busy summer season have been eyeing mortgage rates wondering how long the good times can last. According to a report release on Wednesday by Harvard University’s Joint Center for Housing Studies, more Americans are renting as homeownership falls for eight straight years...
This week in rental property, mortgage rates pulled back by 0.04 percent from last week’s 4.04 percent to 4.00 percent. On Wednesday, the Federal Reserve announced that it plans to raise interest rates later this year. We take a look at the LA Times article on the effects of federal funds rate on the economy and the Wall Street Journal’s article on how to get ready for rising interest rates. Then...
This week in rental property, 30-year fixed mortgage rates has climbed over 4% for the first time this year. With this in mind, we take a look at the trend in homeownership rate written by the Wall Street Journal. Time.com says that renting a home is the norm for the new households. A study shows that renters who invest are better off buyers. Meanwhile, large West Coast cities offered the best...
This week in rental property, 30-year fixed mortgage rates remained at the highest level of the year, at 3.87 percent. CNBC covers how the market is responding to the upward trend of the rates. Business Insider compares the behavioral difference of homeowners of today and the past. With the rate on the rise, U.S. News & World Report says that now is the time to refinance mortgages and...
This week in rental property, 30-year fixed mortgages rates climbed to the highest levels of the year. Next, multifamily market developers and commercial real estate executives share their sentiments on the market expectations. Then we look at 17 markets where rents are booming. Refinancing is overtaking new purchase loans due to the under 4% mortgage rates. Lastly, real estate crowdfunding is...
As short-term political motivation sullies the sanctity of central banking, presumptuous open market meddling, unrestrained by the boundaries of logic, makes a ticking time bomb of Federal Funds. It’s time we meditate on circumstance, accounting for the rational and the hardly so. Let’s see: inflation without spending? A stagnant, yet expanded money supply? At what point did capitalism become so...