Banks Fixed-rate mortgage New Construction Property Management 
Marco Santarelli
AUGUST 2, 2020
It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. These could include open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.
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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