High interest rates have a number of negative effects on millions of low- and moderate-income families and housing providers. In many cases, high interest rates depress stock prices, home prices, and other asset values, affecting all income levels. But this time is different. Rising interest rates make renters' incomes more unstable, discouraging housing construction and pushing down apartment rents. Stock prices fell but then recovered to near record levels once the Fed began raising interest rates. Homeowners in many parts of the country continue to see equity appreciation, and those with long-term fixed mortgages at the lowest interest rates (pre-2020)…
Author: Private Lending Agent
Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals. 28 June: 400k Households To See 50% Increases More than three million borrowers could face shock increases in their mortgage payments over the next two years, writes Jo Thornhill. According to the latest Bank of England data, these households are currently paying mortgage rates at under 3% but are due to remortgage onto what will inevitably be more expensive deals between now and the end of 2026. Around 400,000 households will see a significant increase in their monthly mortgage payments…
DUBLIN — A large apartment complex in Dublin has been purchased for more than $45 million, a deal that signals weakness in parts of the Bay Area residential real estate market.Dublin's Tralee Village Apartments have been acquired by an affiliate of Cityview, a long-established property investment and development company.According to documents filed June 18 with the Alameda County Recorder's Office, a City View affiliate has purchased the 130-unit apartment complex at 6599 Dublin Boulevard in Dublin for $46 million.”Tralee Village was an excellent opportunity to acquire a well-located, high-quality asset in a popular submarket that has seen significant population and…
Two years after it launched as an attempt to establish an active network for LGBTQ people in the commercial real estate industry, the Real Estate Pride Council has significantly expanded its reach and influence. Founded in 2022 by Sam Chandan, director of the Chen Institute for Global Real Estate Finance at New York University, the Pride Council unfolded slowly and cautiously, with a small kickoff event attended by about 25 people in late June of that year, coinciding with Pride Month. The advocacy group's rapid growth from its early days was evident when the annual Real Estate Pride Roundtable, held…
In a nutshellIf your business normally maintains significant deposit balances, you owe it to yourself to earn interest on those deposits by opening one of the best business savings accounts. Other reasons to open a business account include:Some legal structures for businesses require a business bank account.It makes accepting credit card payments easier.Tax preparation is also easier.We selected six of the best business savings accounts from the many that are available. Each pays a high rate of interest and offers other benefits. The table below provides a summary of the rates and benefits for each of the six banks.Best for…
How quickly you can refinance your mortgage depends on the type of mortgage you have and the type of refinance you want.Some mortgages allow you to refinance immediately after you take out the original loan. Others require a period of time to pass, known in the mortgage industry as “seasoning,” before you can refinance.In this article, we'll explain the seasoning rules for conventional loans, FHA loans, VA loans, USDA loans, and jumbo loans.If you're not sure what type of loan you have, if your loan isn't insured by the Federal Housing Administration, the U.S. Department of Veterans Affairs, or the…
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Key Takeaways The current average interest rate for a personal loan is 12.35%. People with good or excellent credit may qualify for a lower-than-average interest rate, while people with average or poor credit may find their interest rate is significantly higher. Different lenders have standards for the type of personal loan business they want to attract, which may affect the interest rate you're offered. Before applying for a personal loan, it's important to compare interest rates from different lenders to ensure you get the best rate for your financial situation. According to Bankrate, the average interest rate on a personal…
NWI real estate commissions can be confusing. This post from the team at Quadwalls will help you better understand real estate agent commissions and the average commission rates of real estate agents when selling a home. We provide information on the costs of selling your home with a real estate agent, information on real estate agents with low commissions, how to find a real estate agent with low commissions, tips for successfully negotiating lower real estate commissions, and more. Let's take a closer look at this important subject. What are real estate commissions? A real estate agent's commission is the…
Ever since the pandemic exposed the vulnerability of dilapidated office buildings, speculations about bargain prices in office buildings have been rife. It was not a question of if, but when. That time seems to be now. Bargain-seeking buyers are flocking to distressed office buildings in major cities, in some cases purchasing properties at discounts of up to 70% off previous sales prices. While the real estate market has seen a significant drop in transactions over the past few years, the recent increase in bargain transactions could mean big trouble for banks and those investing in mortgages. Here, we look at…