Mortgage Rates Archives - Morris Invest

Fed’s Drastic Rate Cut Drives Investors to Buy Before Housing Prices Surge

13-J0000009-1999 | Federal Reserve, Housing Market, Investing in Real Estate, Mortgage Rates

On Wednesday, The Federal Reserve made a significant move to lower its benchmark interest rate by 0.50 percentage points, or double the usual 0.25 percentage point cut. The move, approved by 11 out of 12 Fed voters, lowers the benchmark rate to a range between 4.75%...

2024 Summer Housing Market Jumpstarts with Reduced Mortgage Rates Prompting Investors to Buy

13-J0000006-1999 | 2024, Investing in Real Estate, Mortgage Rates, Summer Housing Market

Cooler mortgage rates are ushering in the 2024 summer housing market, providing a glimmer of hope for the real estate sector. According to Freddie Mac, the new season kicked off with a rate of 6.87% for the week starting June 20th, down from last week’s 6.95%....

Massive Increase in Mortgage Payments Causing Americans to Brace for Financial Ruin

13-J0000005-1999 | Adjustable-Mortgage Rate, Investing in Real Estate, Mortgage Payments, Mortgage Rates

Americans who purchased a home in 2019 using an adjustable-rate mortgage (ARM) loan that locked in a lower, short-term rate are expected to see a substantial increase in mortgage payments as their loan term ends this year. For some, mortgage payments could double as...

Mortgage Rates Fall Below 7% – Investors Grab Available Properties to Lock in Lower Rates

13-J0000005-1999 | Housing Market, Investing in Real Estate, Mortgage Rates

Long-term mortgage rates have declined for the third consecutive week, falling slightly below 7%. This marks the first time since mid-April that the average rate on a 30-year mortgage has dropped below 7%, providing a modest relief for prospective homebuyers and...

Spring Season Mortgage Rates Dip Signaling Strategic Time for Real Estate Investors to Secure Properties

13-J0000005-1999 | Housing Market, Investing in Real Estate, Mortgage Rates, Springtime

The real estate sector has experienced a modest but noteworthy change as the spring season mortgage rates experienced a drop, something the market hasn’t seen in over a month. Reports from Freddie Mac highlight this change, detailing that the average rate for a...

Five Key Economic Indicators that Affect Real Estate Investments

13-J0000005-1999 | Economic Indicators, Inflation, Interest Rates, Investing in Real Estate, Mortgage Rates

Seasoned investors recognize the importance of closely observing economic indicators that affect real estate markets. With years of experience following economic trends that can have a direct impact on my rental properties, I know firsthand how important it is to stay...