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Current Hike in Mortgage Rates

August 31, 2018 By Jason T. Shortes Author Leave a Comment

The rates for home loans have incredibly gone higher as investors halt interest in safe-haven assets, more so the present decline in the housing market may negate credit facilities to potential housing customers. A weekly survey by Freddie Mac, evaluates a 30-year fixed-rate mortgage averaged at 4.52% in the Aug. 30 week, after reaching its lowest point since mid-April. More … [Read more...]

Filed Under: Mortgage Rates, News

Weekly Mortgage Applications Decline, Although Rates Drop

August 30, 2018 By Jason T. Shortes Author Leave a Comment

According to the report released by the Mortgage Bankers Association, the entire mortgage application volume reduced by 1.7 percent last week but the volume’s value was 15 percent lower in the previous year. A reduction in the mortgage rates should have bolstered the mortgage business, but the reverse is the case in this scenario. In this summer, dwindling affordability is a … [Read more...]

Filed Under: Mortgage Rates, News

Canada’s Hot Economy Tests Canadian Banker Poloz’s Patience With Canadian Rates

August 30, 2018 By Jason T. Shortes Author Leave a Comment

With the pushing of protectionism from President Trump, the biggest obstacle to the economic expansion of Canada is within its borders. Local news emanating from Canada confirmed that the economy of Canada is closer to overheating than stumbling on the back of trade uncertainty, a situation that has compelled the Bank of Canada to introduce higher interest rates. There is an … [Read more...]

Filed Under: Bank Rates, News, World

German and Swiss Lenders Change Of Plans on Negative Rates

August 29, 2018 By Jason T. Shortes Author Leave a Comment

As a result of the recent negative deposit rates levied by the central banks in the region, some smaller banks in Switzerland and Germany are presently finding it hard to provide the appropriate answers to the situation. In the last few days, various lenders have made a pronouncement of new policies. The penalty in the form of interest on the savings of private customers was … [Read more...]

Filed Under: Deposit Rates, News, World

Mortgage Rates And Short-Term Interest Rising At The Same Time: Meaning For Real Estate Investors

August 29, 2018 By Jason T. Shortes Author Leave a Comment

A surge in short-term interest rates will lead to higher mortgage rates. This is a factual statement, but the valuable consequences for the real estate investors may not be significant. In the United States, the body that controls the activities of the entire banks in the country is called the Federal Reserve System. It is the sole central bank that operates with a centralized … [Read more...]

Filed Under: Mortgage Rates, News

CAP Rates Hold Steady for Most Sectors.

August 28, 2018 By Jason T. Shortes Author Leave a Comment

According to a survey conducted by the CBRE’s North America Cap Rate, the capitalization rates for the United States commercial real estate assets remain static in the first half of 2018 without the involvement of some retail segments. However, CBRE ascribed the emergence of the unwavering cap rates to the barrier of domestic and international capital, a continuous low-interest … [Read more...]

Filed Under: Cap Rates, News

Mortgage rates have started their summer collapse.

August 24, 2018 By Jason T. Shortes Author Leave a Comment

Even though mortgage rates have not been impressive in recent times, they are swinging in the appropriate direction for individuals who want to buy homes. Freddie Mac, in its most recent data, opined that the 30-year fixed mortgage rate average fell to 4.51 percent with an average 0.5 point in contrast to the 4.53 percent recorded last week, and 3.86 percent last year. For … [Read more...]

Filed Under: Mortgage Rates, News

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Recent News

  • Cleveland Federal Reserve President Loretta Mester higher rates are likely later this year
  • Interest rates hit 8-year high while Mortgage applications drop to 4-year low
  • Australia’s key rate held at 1.50 percent as the economy has faster growth and less jobless
  • Boston Fed’s Rosengren: Stronger U.S. economy could justify ‘restrictive’ rates
  • As Fannie, Freddie start a second decade deferred, mortgage rates move up again
  • Bank of Canada Keeps Benchmark Rate Unchanged
  • Turkey’s Lira: words not sufficient to Raise Interest Rates
  • “The time for rates hike not right,” Bullard to Federal Reserve Bank.
  • Rising ECB Rates? No problem for EU Finance Ministers!
  • Argentina hoists Rates, Seeks IMF Aid to Save Peso.

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