(Bloomberg) — Brazil’s annual inflation rose less than expected in June, helping to bolster the central bank’s momentum after it came under criticism for pausing interest-rate cuts to counter simmering price pressures.Most read articles on BloombergOfficial data released on Wednesday showed prices rose 4.23% from a year earlier, below the 4.32% median forecast of analysts surveyed by Bloomberg. Monthly inflation rose 0.21%, below all expectations.Swap rates for contracts due in January 2026, a gauge of market sentiment towards monetary policy at the end of next year, fell 16 basis points in morning trading following the announcement of the lower-than-expected inflation…
Author: Private Lending Agent
Refinancing your mortgage down a half-point might make sense in some cases, but not in all cases. Getty Images Mortgage rates have plummeted to below 3% during the pandemic, but some homeowners were unable to lock in low rates at the time. But with many expecting the Federal Reserve to start cutting the federal funds rate this year, homeowners may start to see relief.Still, most expect the Fed to cut rates only moderately, and it's unclear if or when it will actually do so. Meanwhile, mortgage rates have been fluctuating somewhat in recent months, rising above 7% in April and…
The four-story medical office building underwent an exterior renovation. Image courtesy of JLL Capital Markets Cypress West Partners, in a joint venture with TPG Angelo Gordon, has acquired Chula Vista Medical Arts II, a roughly 37,000-square-foot medical office building in Chula Vista, Calif. Turner Impact Capital sold the Class B asset for $11.6 million, according to San Diego County records. JLL Capital Markets brokered the deal on behalf of the seller. The property last traded hands a few months ago, when Turner Impact Capital purchased the facility from Welltower for $10.5 million, according to CommercialEdge. Earlier in the spring, Cypress…
Sign up for our free weekly newsletter Japan's fundraising environment will remain largely accommodative in 2024 In contrast to the situation in Europe, the US and many Asian countries, Japan's real estate lending environment remains favorable. According to data from the Bank of Japan (BoJ), the total outstanding loans to the real estate sector by Japanese financial institutions, including domestic banks and shinkin banks, reached JPY 129 trillion as of the end of March 2024. This is a 6% increase from the previous year. Of this, 13 trillion yen was allocated to special purpose companies (SPCs) for real estate securitization,…
Digital assets continue to recover after a major sell-off over the weekend.Cryptocurrency markets continued to rally on Wednesday morning after Federal Reserve Chairman Jerome Powell warned that keeping interest rates high for an extended period of time could pose risks to the U.S. economy.”Reducing policy restraints too late or not enough could weaken economic activity and employment excessively,” Powell said in his semi-annual monetary policy report. “Further positive data will strengthen our confidence that inflation is sustainably on track to reach 2 percent.”Powell's comments suggest the Fed may consider cutting interest rates soon if current economic trends continue.The cryptocurrency market…
On Monday I wrote about the typical home buyer, on Tuesday I wrote about the typical home seller, and today I'm going to write about the typical real estate agent, using statistics from the National Association of Realtors. In advertising and the media, real estate agents are often portrayed as men in suits or young women, but neither is accurate. The demographics are as follows: 64% of REALTORS® are licensed sales agents, 20% are licensed brokers, and 18% are broker associate licensed. The typical REALTOR® is a white woman, age 60, who has attended college and owns a home. 62%…
Sungjun Cho/Bloomberg via Getty ImagesThe basic idea is this: A rising U.S. interest rate environment relative to other countries is generally “positive for the dollar,” said Jonathan Petersen, senior market economist and foreign exchange expert at Capital Economics.In other words, higher interest rates support a stronger U.S. dollar against foreign currencies, allowing Americans to buy more with their money abroad.Petersen said the opposite trend — lower interest rates — tends to be “negative for the dollar.” A weaker dollar means Americans can buy less abroad.Fed officials signaled in June that they plan to cut interest rates once in 2024 and…
Treeline's Sunset Medical Office Building is currently fully occupied. Image courtesy of CommercialEdge According to Bexar County records, Big Sky Medical has acquired Sunset at Treeline, a 58,000-square-foot medical office building in San Antonio, with the backing of an acquisition loan issued by Bank of America. The previous owner of the Class A asset was Casey Development, according to Commercial Edge. The property development was first announced in 2018, with GRG Architecture designing the building and it becoming operational a year later. The project initially secured an $11.7 million construction loan from American Momentum Bank, which then extended an additional…
According to NAHB's analysis of Census Bureau Survey of Construction (SOC) data, land prices for single-family homes continue to rise, reaching an all-time high nationwide in 2023. The median U.S. land price for sale for single-family homes started in 2023 was $58,000, with half of the land values valued above the median and the other half valued below the median. While land prices continue to rise, the 2023 U.S. national inflation rate averages 4.1%, outpacing land price increases. Adjusted for inflation, the median land price is below the record levels of the 2005-2006 housing boom, when half a ton of…
Mortgage applications fell slightly last week on a seasonally adjusted basis but fell sharply on an unadjusted basis the week of July 4. This week's results include an additional adjustment to account for the holiday. The Mortgage Bankers Association announced that its Market Composite Index, a measure of mortgage application volume, fell 0.2% from the previous week on a seasonally adjusted basis, but was down 20.0% unadjusted. The refinance index decreased 2.0% from the previous week but increased 28.0% compared to the same week a year ago. Refinances as a share of mortgage activity decreased from 35.7% of total applications…