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...
Feds Keep Benchmark Interest Rate Steady Creating Surge in Real Estate Investment Purchases
In the first monetary policy meeting of 2024, the Federal Reserve announced it will hold its...
Harnessing the Power of Home Equity to Buy a Rental Property
Over the years, I've met a good number of people who expressed a desire to invest in real...
How Hard Assets Create Wealth and Financial Security for Real Estate Investors
There are a multitude of investment vehicles out there to choose from that can generate...
Report States Renting More Affordable Than Buying Indicating Financial Security for Investors
A Rental Affordability Report released this month by ATTOM, a provider of nationwide property...
What Makes Rental Real Estate in Texas Profitable?
As mortgage rates continue to drop and housing prices quickly climb, investors strategically...
Mortgage Rates Drop Yet Again Nearing 8-Month Low as Investors Rush to Lock In Lower Pricing
The average fixed-rate 30-year mortgage continues to fall as it dropped by 0.06 percentage...
The Driving Factors Behind the Ability to Charge Higher Rental Rates
As a landlord, it's essential to recognize opportunities that will allow you to charge higher...
Investors Buy to Secure Equity as Home Prices Continue to Rise
October marked a two-decade high for mortgage rates, nearing 8%, which placed housing...
3 Unique Strategies to Fund a Down Payment on a Rental Property
If you're researching strategies to fund a down payment on a rental property, know that many...
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