Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors
Record High Mortgage Rates for 2024 Drive Up Demand for Rental Properties
The average mortgage rate on a 30-year loan hit a record high for 2024, breaking through the 7% mark and settling in at 7.10%, as reported by Freddie Mac. This rise in rates has made homeownership out of reach for many, increasing the demand for rental properties across the board. Mortgage rates have been gradually increasing over recent weeks, fueled by hotter-than-anticipated economic reports that effectively put the brakes on federal rate cuts happening anytime soon. Odeta Kushi, deputy chief economist at First American, elaborates on this as she states, "Persistent inflation has dashed investor hopes for a Federal Reserve rate cut in June, which implies mortgage rates will remain higher-for-longer. If inflation data between now and May continues to come in hotter than expected, and/or the Fed...
The Advantages of Investing in Single-Family Homes
Savvy investors know that investing in rental real estate is the number one way to create...
Feds Leave Interest Rates Unchanged – Three Cuts Projected for 2024
The Fed announced it would maintain its benchmark interest rate at 5.25%-5.50% for the fifth...
Jumpstart Your Wealth: Financial Benefits of Investing in Real Estate Sooner Rather Than Later
Building wealth by adding rental properties to your portfolio is a powerful strategy for...
Stealing the American Dream – CA Proposes Zero-Down Home Loan Handout to Illegal Immigrants
In a bold move likely to spark intense debate regarding the crisis at the U.S. border,...
A Ticking Time Bomb – National Debt Growing by $1 Trillion Every 100 Days
The current management of the U.S. national debt showcases a concerning lack of fiscal...
Beyond the Stock Market Rollercoaster: Building Wealth with Rental Income
Given today's unstable economy, savvy investors increasingly look beyond the traditional...
The Benefits of Investing in a Multi-Family Duplex – Increased Cash Flow and Reduced Risk
In today's unstable economic environment, savvy investors continuously seek out opportunities...
The Unrealized Truth – Taxpayer Dollars Fund Wars Only to Be Paid Back with Crippling Inflation
Consider an alternate reality where the American taxpayers have the option to decide between...
Risk Mitigation Strategies for Real Estate Investors – Protecting Your Portfolio & Wealth
When I buy rental properties in a profitable location, one that's proven to keep my...
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