Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors
Mortgage Rates Surge Following New CPI Data Casting Shadow Over Spring Buying Season
The recent Consumer Price Index (CPI) report, released this week by the Bureau of Labor Statistics, came in hotter than anticipated, impacting mortgage rates and effectively casting a shadow on the spring buying season. The data revealed a 0.4% increase, landing at 3.5%, up from February's rate of 3.2%. In the wake of this announcement, mortgage rates climbed from 7.06% the day prior, to the current rate of 7.37%, as reported by Mortgage News Daily. The new inflation numbers are keeping prospective homebuyers in a holding pattern that they were hoping to break out of. In addition, with inflation rates exceeding projections once again, the outlook for lower mortgage rates and the ability to move forward on property purchases seems a distant reality for many. This outlook is reflected in a statement...
Keys to Keeping a Good Tenant in Your Rental Property
If you're already invested in real estate, then you know the importance of keeping a good...
Top Benefits of Investing in New Construction Rental Properties
Because there are substantial benefits to investing in new construction rental properties,...
9-5 Job vs Rental Real Estate: Which Offers More Financial Security?
Not too long after the pandemic hit, millions of workers were let go, and the troubling...
Reasons Investing in Real Estate Early 2024 Can Provide You With Significant Financial Benefits
Investing in real estate early 2024 can provide you with a golden opportunity in your...
Can You Use a HELOC to Invest in Rental Real Estate?
Individuals seeking funds to fuel their investment journey frequently overlook the equity...
Feds Keep Key Interest Rate Unchanged Confirming Housing Explosion on the Horizon
The Federal Open Market Committee (FOMC) held its 2-day meeting this week, resulting in the...
Mortgage Rates Continue to Drop Signaling a Good Time to Invest in Real Estate
Rates fell once again as the 30-year fixed-rate mortgage averaged 7.03% this week, down from...
Financial Advantages of Using a Property Management Company
If you're new to the lucrative world of real estate investing and feel it would be more...
CPI Indicates Interest Rate Hikes May End Pushing Real Estate Investors to Buy
Interest rates seem to have reached a peak, and we're seeing the 30-year fixed mortgage rate...
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