Mitch Roschelle, Macro Trends Advisors LLC founding partner, explains that higher rents will have ramifications on the U.S. economy, including limited discretionary spending.
," Monday, the real estate expert argued that higher mortgage rates make it more difficult to buy homes, leaving more people turning to the rental market while supply is limited.
Mortgage rates dropped last week to their lowest level since April, offering some relief to prospective home buyers who have faced higher rates and soaring prices for real estate. According to data from Freddie Mac, the 30-year loan, the most popular among new homeowners, dipped back below the 5% mark.
The average rate for a 30-year fixed-rate mortgage dropped to 4.99% for the week ending August 4, which was down from the week before when it averaged 5.3%, according to the mortgage giant’s Primary Mortgage Market Survey. Last week’s figure was still significantly higher than the 2.77% figure the year before.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk says Twitter deal should go ahead if it provides proof of real accountsMusk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy…
Weiterlesen »
South Park Anniversary: 25 Real Colorado Locations From 25 SeasonsWho will be at South Park's Red Rocks concert?
Weiterlesen »
‘Stray’: How a virtual orange tabby is helping real catsThe virtual cat hero from the new video game sensation “Stray” doesn’t just wind along rusted pipes, leap over unidentified sludge and decode clues in a seemingly abandoned city. …
Weiterlesen »
Six reasons why blockchain makes sense for commercial real estate: DeloitteDeloitte’s study revealed blockchain’s position as a perfect fit for real estate use cases around leasing and selling.
Weiterlesen »
Here’s the Real Reason Kim & Pete Broke Up—She Was ‘Totally Exhausted’ by Their Age DifferenceWanna know the real reason KimKardashian and PeteDavidson broke up? ⬇️
Weiterlesen »