Interest Rates
Financing Real Estate by Spencer Cullor | September 6, 2011If you’ve been investing in real estate for a while, chances are you have considered using private money lenders (investors) to grow your business. Most people fail when reaching out to potential investors because they don’t answer the five critical questions that every private lender must have answered before investing with you (even if they [...]
Read the full article → Commentary by Ken Corsini | August 11, 2011If you are one of the lucky ones who happen to be in the process of locking in an interest rate over the last week or two, you probably saw that rates are way down. In fact, rates on 15 year fixed mortgages as well as 5 year ARMs hit record lows last week. As [...]
Read the full article → Real Estate Interviews by Joshua Dorkin | July 20, 2011Jeff Brown aka BawldGuy is a real estate investor and retirement planning specialist. In our interview (34:42 minutes), we talk about his career through the decades, how investing, financing, and the real estate markets have changed over that period, and delve into real estate investing with an eye on retirement. Jeff is one of the [...]
Read the full article → Housing by Ryan Hinricher | June 27, 2011Interest Rates: Flat For two weeks now, interest rates are flat, according to the most recent survey by Freddie Mac. The 30 year fixed mortgage rate was unchanged at 4.5%. Last year at this time the 30 year fixed mortgage rate averaged 4.69%. The 15 year fixed mortgage rate was up slightly this week to [...]
Read the full article → Housing by Ryan Hinricher | June 20, 2011New Construction – Housing Starts The Census Bureau reported that housing starts were up for the month of May to a seasonally adjusted annual rate of 560,000. This represents a 3.5% increase from April but is still 3.4% below May 2010’s pace of 580,000. New Construction – Building Permits Building permits were also up in [...]
Read the full article → Housing by Ryan Hinricher | June 13, 2011Rates Slide as Economy Weakens Following a poor performance in the labor market, interest rates fell for the week ending June 9th, 2011. The economy added just 54,000 new jobs in May much less than analysts expected and the unemployment rate increased to 9.1%. The economic recovery is running out of steam and factories cut [...]
Read the full article → Housing by Ryan Hinricher | June 6, 2011Home Prices are busted The most closely watched indicator of home prices, S&P’s Case-Shiller Home Price Index, fell below its April 2009 low to solidify the case for an official double-dip. For the month ending March 2011, 19 out of the 20 cities in the index saw price declines. Washington D.C. was the only market [...]
Read the full article → Housing by Ryan Hinricher | May 30, 2011This week we cover the pending home sales release from the National Association of Realtors, new home sales, interest rates, and news on delinquency. Pending Home Sales Hit Skids The National Association of Realtors (NAR) reported pending home sales plunged 11.6% in April. Year-over-year pending home sales are down 25.6% when the second home buyer [...]
Read the full article → Housing by Ryan Hinricher | May 23, 2011The delinquency picture is changing, interest rates continue their short term trend, an update on housing starts and existing home sales; enjoy! Interest Rates Soften Further Following 5 weeks of declines, mortgage rates fell further for the week ending May 19th, 2011. According to Freddie Mac, the 30-year fixed rate eased from 4.63% to 4.61%, [...]
Read the full article → Housing by Ryan Hinricher | May 16, 2011The ever-changing housing market continues this week with an update on interest rates, negative equity from Zillow, and the March Home Price Index from CoreLogic. Interest Rates Continue Short Term Slide Mortgage rates declined for the week ending May 12, 2011. Freddie Mac reported the 30-year fixed mortgage rate dropped to 4.63% from 4.71% a [...]
Read the full article → Housing by Ryan Hinricher | May 9, 2011This week the housing market offered better rates, allowing refinancing to increase again. The Multi Housing Council released its quarterly survey, and Clear Capital declared an official double-dip in home prices. Interest Rates Favorable Again Mortgage rates were more attractive again for the week ending May 5th, 2011. Freddie Mac reported a decrease in the [...]
Read the full article → Housing by Ryan Hinricher | April 25, 2011This was a busy week for housing. Data is in from the NAR on existing home sales, builder confidence, interest rates, housing starts, housing completions, and building permits. Existing Home Sales Rise March gave us a marked improvement in existing home sales. The National Association of Realtors reported that sales of existing homes rose 3.7% [...]
Read the full article → Real Estate Investing by Jeff Brown | April 19, 2011There are movies. There are remakes of original movies. There are movie sequels. History shows us that our national economy, if viewed as a series of movies, has added a hybrid — it’s part remake, part sequel. But mostly it has plot twists. Many of you have had an entirely different experience as it relates [...]
Read the full article → Housing by Ryan Hinricher | April 18, 2011This week we cover increasing interest rates, declining foreclosures, and get an update on mortgage applications. We’ll also look ahead to next week’s busy week of housing data. Rate Creep is Back Thankfully for the housing market, rates have been relatively stable lately, rising only nominally. However this week’s drift up in rates marks the [...]
Read the full article → Housing by Ryan Hinricher | April 11, 2011This week we cover the big drop in vacancy rates, lower home prices (yes, more bad news), interest rates, and mortgage application activity. Apartment Vacancy Rates Fall Vacancy rates fell in the multi-family sector. REIS reported that apartment vacancy dropped from 6.6% to 6.2% in the first quarter of 2011. This is the biggest drop [...]
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Low Interest Rates Make for Great Long Term Investments
by Ken Corsini | August 11, 2011If you are one of the lucky ones who happen to be in the process of locking in an interest rate over the last week or two, you probably saw that rates are way down. In fact, rates on 15 year fixed mortgages as well as 5 year ARMs hit record lows last week. As [...]