Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. Mortgage rates fell last week and remain low today. As long as inflation continues to slow and the Federal Reserve begins to cut the federal funds rate, rates should continue to fall through the remainder of 2024. So far this month, interest rates on 30-year mortgages have averaged about 6.59%, but have been trending lower in…
Author: Private Lending Agent
Among South Carolina's larger cities, Columbia is one of the more affordable places to buy a home, and two underutilized government initiatives could make the city even more economically attractive.Unlike most homebuyer assistance programs I’ve written about, these two “City Lender” programs are limited to buyers of single-family homes located within the capital city limits.Both plans offer low down payments and a low-interest loan of 4 percent that covers 20 percent of the total debt. Importantly, they are structured so that buyers do not have to pay private mortgage insurance, a monthly expense that can be quite costly for those…
Federal Agricultural Mortgage Corporation (NYSE:AGM – Get Free Report) hit a new 52-week high during midday trading on Friday. The stock traded as high as $202.13 and last traded at $201.23 on trading volume of 16,276 shares. The stock's previous closing price was $195.45. What Wall Street analysts are saying Meanwhile, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $212.00 target price on shares of Federal Agricultural Mortgage Corporation in a report on Wednesday, May 8th. Read our latest stock analysis on Federal Farm Mortgage Federal Farm Mortgage Stock Performance The stock has a market capitalization of…
PennyMac Mortgage Investment Trust (NYSE:PMT – Get Free Report ) fell before the market opened on Friday. The stock previously closed at $14.62 but opened at $14.31. PennyMac Mortgage Investment Trust shares last traded at $14.35 with trading volume of 36,893 shares. Wall Street analysts predict growth PMT has been mentioned in analyst reports recently: Wedbush reaffirmed a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Monday, April 29th. Piper Sandler reaffirmed a “neutral” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust (up…
NexPoint Real Estate Finance, Inc. (NYSE:NREF – Get Free Report ) was a target that saw a significant decrease in short interest during the month of June. As of June 30, short interest totaled 156,800 shares, down 13.1% from a total of 180,500 shares on June 15. Based on an average daily trading volume of 38,800 shares, the days coverage ratio is currently at 4.0 days. Analyst Rating Changes NREF has been the subject of numerous research analyst reports. Piper Sandler lowered their price target on NexPoint Real Estate Finance from $16.00 to $14.00 and gave the company a “neutral”…
NextLevelFi, a leading provider of U.S. mortgages for expatriates and U.S. expats, has launched a premier mortgage program designed for expatriate real estate investors. This new initiative aims to provide excellent investment opportunities for international investors interested in the booming U.S. real estate market. Additionally, NextLevelFi will expand its mortgage selection to include multifamily loans specifically targeted at foreigners and U.S. expats. This strategic expansion is intended to improve accessibility and flexibility to real estate investment opportunities. The U.S. real estate market continues to show steady growth and stability, making it increasingly attractive to non-resident investors seeking significant profits. However,…
If we were to take the worst of the 2023 spreads today, mortgage rates would now be 0.48% higher. While spreads are far from average, it is positive to see such improvements this year. 10-year government bond yield and mortgage interest rates Last week, inflation data and testimony from Federal Reserve Chairman Jerome Powell were positive for mortgage rates, pushing the 10-year Treasury yield down to a crisis level of 4.20%. This level is difficult to come down from, so the key this week will be whether bond buying continues after it falls below 4.20%. If this does not happen…
Negative interest rates pose a major challenge for central banks, requiring effective strategies and policies to mitigate the negative impact on the economy. Negative interest rates describe an unconventional economic situation in which nominal interest rates fall below zero. Instead of earning interest on their deposits, depositors pay a fee to keep their money in a bank. This traditional understanding of negative interest rates is familiar. However, negative returns can also be caused by inflation. When nominal interest rates are lower than the inflation rate, depositors earn less interest on their savings than the rate of price increase. As a…
US annual inflation, broadly measured by the Consumer Price Index, fell to 3% in June, according to the Bureau of Labor Statistics. As inflation continues to fall and become more manageable, the possibility of interest rate cuts resurfaces, and could come as early as September. Ali Velshi explains how the Federal Reserve makes these decisions and what it means for you.» Subscribe to MSNBC: https://www.youtube.com/msnbc For the latest breaking news and daily headlines at a glance, download the new MSNBC app: https://www.msnbc.com/information/download-msnbc-app-n1241692Follow the MSNBC show blogs MaddowBlog: https://www.msnbc.com/maddowblog ReidOut Blog: https://www.msnbc.com/reidoutblogMSNBC delivers breaking news, in-depth analysis, commentary and informed perspectives…
According to a recent real estate report, approximately 68,000 homes were resold in the U.S. in the first quarter of 2024 alone. Zolancimin/Dreamtime | TNS If you watch HGTV every day, you'll come across a show featuring smiling people transforming ugly properties into jaw-droppingly beautiful homes. Sometimes these magicians are professional real estate investors, and sometimes they're just regular people, but most of the time, they resell their newly renovated properties for a tidy profit. Welcome to the lucrative world of home flipping. According to real estate data firm ATTOM, approximately 68,000 homes were flipped in the U.S. in the…