Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. Instead, they’ll be seeking to renovate their homes.”. in 2023, peaking to 6.5%

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Realty Biz

APRIL 19, 2024

The 30-year fixed-rate mortgage rate was at 6.6 Bank Rates report the same declining trend in home prices. Bank Rates report the same declining trend in home prices. Looking at Bank Rates, we notice different median home prices, yet the tendency remains the same.

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Toronto Realty Blog

SEPTEMBER 7, 2023

Even if mortgage delinquencies doubled , we’d still only be back to 2019 levels. One of my investors was on a fixed-rate mortgage and his mortgage rate is going to skyrocket as of October 1st, so he sold the unit in the summer to avoid being significantly cash flow negative on the property.

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Marco Santarelli

SEPTEMBER 5, 2020

With 2020 being, theoretically, in the middle of a boom, there are still 4 years for residential construction to surge. The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The 15-year fixed-rate mortgage dropped to 2.44%.

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Marco Santarelli

JULY 30, 2020

Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac. That’s five times the average rate for Los Angeles County. In distressed neighborhoods, fix and flip may be an option.

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