Inverse real estate investment trust (REIT) exchange-traded funds (ETFs) are designed to provide investors with short-term exposure to a basket of securities in the real estate sector. REITs are companies that own, operate, or finance income-producing real estate, offering investors a way to invest in the real estate sector without having to purchase or manage the properties themselves. Investors who are bullish on the real estate sector can use REIT ETFs to invest in a basket of REITs, but those with a bearish outlook have the option of putting their money into an inverse REIT ETF. Key Takeaways Real estate…
Author: Private Lending Agent
As of Thursday, July 18, 2024, average mortgage interest rates are trending downwards across the board, with 30-year fixed rates staying below 7.00% for one consecutive week. This is good news for anyone looking to buy a home this summer.The current average interest rate for a 30-year fixed mortgage is 6.83% for purchases and 6.85% for refinances, down 14 basis points from 6.97% for purchases and 6.99% for refinances last Thursday. Interest rates for 15-year mortgages are 6.31% for purchases and 6.38% for refinances, down 13 basis points from 6.44% for purchases and 6.49% for refinances at the same time…
As of Thursday, July 18, 2024, average mortgage interest rates are trending downwards across the board, with 30-year fixed rates staying below 7.00% for one consecutive week. This is good news for anyone looking to buy a home this summer.The current average interest rate for a 30-year fixed mortgage is 6.83% for purchases and 6.85% for refinances, down 14 basis points from 6.97% for purchases and 6.99% for refinances last Thursday. Interest rates for 15-year mortgages are 6.31% for purchases and 6.38% for refinances, down 13 basis points from 6.44% for purchases and 6.49% for refinances at the same time…
I really don't know where to go with this post. Could the market “change direction in an instant”? If so, do you believe my recent article provides greater insight into the current rental market than the data from the past three months? The rental market has been struggling all year, and my colleague Tara Amina and I discussed it last week on our weekly podcast, which you can watch on YouTube here or listen on Spotify here . Most of our conversation was about how the market has changed this year and how horror stories of paying 12 months' rent…
If you're looking to boost your savings, a high-yield savings account can offer competitive rates and help you grow your balance faster. However, not all banks offer high interest rates, so it's important to compare different banks to find the most competitive savings interest rate. Read on to learn more about where to find the best savings interest rates.What's the best savings interest rate today?Interest rates on savings accounts have been trending upward over the past couple of years. However, rates vary widely, and interest rates on traditional savings accounts are still fairly low compared to other types of deposit…
Surveys show that confidence in the mortgage market is steadily increasing as product availability increases. Octane Capital tracks the number of mortgage products available through comparison and data aggregator sites and found that mortgage availability rose across the board in the second quarter of this year. The analysis found that availability of products for first-time home buyers increased by 7.7% between March and June, and is 125% higher than at the end of 2023, the highest increase yet. However, FTB products still only account for 7.15% of all mortgage products on the market. The availability of mortgage products is also…
AP Economics Writer Christopher Ruger WASHINGTON (AP) — Loretta Mester has spent her entire career on the Federal Reserve Board, serving as president of the Cleveland Fed for 10 years before retiring June 30. For much of her time on the Fed's rate-setting committee, Ms. Mester tended to favor relatively high interest rates to tame inflation, a stance that earned her the label “hawk,” the official term for officials most concerned about tame inflation. (By contrast, “doves” tend to focus on keeping interest rates low to maximize employment.) But in a recent interview, Mester reiterated her belief that…
As Benzinga reports, the price target for Claros Mortgage Trust (NYSE:CMTG – Get Free Report ) was raised by equity researchers at JPMorgan Chase from $8.50 to $9.00 in a report released on Tuesday. The firm currently rates the stock as “neutral.” JPMorgan Chase's price target indicates a potential downside of 2.17% from the stock's previous closing price. Several other equities analysts have also recently issued reports on the stock. UBS Group lowered their price target on Claros Mortgage Trust from $11.50 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. JMP…
Microsoft has let go of its internal team dedicated to diversity, equity and inclusion (DEI) due to “changing business needs.”Photo: Reuters, Rimjim Singh, New Delhi After Microsoft fired its internal team that works on diversity, equity and inclusion (DEI), the team leader criticised the company for not doing enough to support the initiative. “The true systems change work related to DEI programs everywhere is no longer business-critical or business-smart as it is in 2020,” team leaders said in an email to thousands of employees viewed by Business Insider. Click here to connect with us on WhatsApp The email said the…
Want financial freedom through real estate? Then, you’ll need to know how to buy a rental property. Don’t worry; even as a beginner, you can take three basic steps to buy your first rental property and start building the passive income you’ve always dreamed of. To help you out, Dave Meyer, BiggerPockets’ VP of Market Intelligence and a fourteen-year real estate investing veteran, will walk you through finding, evaluating, and offering on rental properties.Whether you’re a beginner or an active investor, these three steps will help you land more real estate deals with less effort and help you reach your…