The average 30-year fixed rate is 6.95% and the 15-year fixed rate is 6.25%, both up 9 basis points since last week, according to Freddie Mac data. This is the first time Freddie Mac rates have increased since May.”New home sales and sales contracts are both declining, which is resulting in an increase in the number of homes available for sale,” Freddie Mac chief economist Sam Carter said in a press release. “We expect interest rates to continue to decline moderately later this year, which should bode well for prospective homebuyers as more inventory becomes available.”If you're not in a…
Author: Private Lending Agent
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 rose across the board this week, with 30-year mortgage rates climbing to nearly 7%, according to Freddie Mac, but the latest economic data continues to suggest rates will ease through the remainder of 2024.”New home sales and sales agreements are both declining while the number of homes for sale is increasing,” Freddie Mac chief…
Atif Afzal knows exactly what he wants from a rental property.”It has to be a townhouse,” the 39-year-old real estate investor told Business Insider. “I avoid single-family homes at all costs.”Afzal bought his first property in Monroe, a town about 50 miles north of New York City, in 2019. A year later, he bought and moved into a second one, then his first one had tenants, and he did that two more times, expanding his portfolio to four townhouses.He plans to buy his first single-family home in 2023 and live there long-term. BI reviewed his tax returns and mortgage records,…
Now may seem like the perfect time to own an apartment.For many landlords, that's true: A housing shortage in many parts of the country and severe inflation have caused rents to skyrocket in recent years.But a growing number of rental property owners, particularly in the South and Southwest, are finding themselves in financial difficulty. While some have stopped making mortgage payments, analysts fear that up to 20% of all apartment loans are at risk of defaulting.Rents soared during the pandemic but have stalled in recent months. Rents are starting to fall in many parts of the country. Interest rates raised…
Atrium Mortgage Investments Inc. (TSE:AI – Get Free Report ) shares fell below their 200-day moving average during trading on Wednesday. The stock's 200-day moving average is C$11.02, falling to a low of C$10.76. Atrium Mortgage Investments shares last traded at C$10.80, with trading volume of 19,943 shares. Atrium Mortgage Investments stock performance The company has a current ratio of 41.61, a quick ratio of 102.54 and a debt-to-equity ratio of 77.81.The company's 50-day moving average is C$10.93 and its 200-day moving average is C$11.02.The company's stock has a market capitalization of C$478.55 million, a price-to-earnings ratio of 9.47 and…
The average interest rate on a 30-year mortgage rose this week, raising the cost of mortgage borrowing for the first time since late May. Mortgage buyer Freddie Mac said Wednesday that interest rates rose to 6.95 percent from 6.86 percent last week. The average rate a year ago was 6.81 percent. The increase follows four weeks of declines in the average interest rate, which has mostly hovered around 7% so far this year. Rising interest rates could add hundreds of dollars a month to costs for borrowers. Rising mortgage rates have been a major drag on home sales, which have…
When you submit an application for a business loan, lenders will typically check both your personal and business credit scores to assess the risk you pose. A poor personal credit score will lower your chances of approval, while a good personal credit score will increase your chances of loan approval and make it easier to secure a lower interest rate. Whether a personal credit score is considered good or bad depends on the credit scoring model used by the lender and their own guidelines. FICO, one of the most widely used credit scoring models, has a score range of 300…
The interest rates for the General Provident Fund (GPF) and similar provident fund schemes for the July to September period have been announced. “For general information, it is hereby announced that the deposit balances of subscribers to the General Provident Fund and other similar funds will bear interest at the rate of seven hundred and one percent (7.1 per cent) from 1 July 2024 to 30 September 2024 for the year 2024-2025. This interest rate will be applicable from 1 July 2024,” the finance ministry said.General Provident Fund (GPF) interest rates for July to September The GPF interest rate will…
The interest rates for the General Provident Fund (GPF) and similar provident fund schemes for the July to September period have been announced. “For general information, it is hereby announced that the deposit balances of subscribers to the General Provident Fund and other similar funds will bear interest at the rate of seven hundred and one percent (7.1 per cent) from 1 July 2024 to 30 September 2024 for the year 2024-2025. This interest rate will be applicable from 1 July 2024,” the finance ministry said. The GPF interest rate will be 7.1% for the July-September 2024 period. (Reference) The…
The first installment of LaSalle County property taxes is due Thursday, July 11th.Illinois state law requires that a late fee of 1.5% will be assessed for each month after the payment is due, effective Friday, July 12th.The second payment is scheduled for Monday, September 9th.Payment options include online payment by credit card by visiting www.lasallecountytreasurer.com and clicking on “Pay Property Taxes Online” under the payment tab. Credit card payments can also be made at the Treasurer's Office. A fee of approximately 2.4% is charged by the credit card processor.Payments can also be made by electronic check or automatic deduction from…