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...
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...
Reasons Why the 401(k) is a Bad Investment Vehicle to Retire On
Many investors can testify that the 401(k) is a bad investment vehicle to retire on. At the...
New Construction Build-to-Rent Properties are a Good Investment with a Skyrocketing Demand
The surging popularity of new construction build-to-rent properties among individuals and...
Why Rental Properties are a Safe Investment During Times of High Inflation
History has revealed that rental properties are a safe investment, especially in turbulent...
Is Buying a Duplex a Good Investment in the 2024 Rental Real Estate Market?
The rental real estate industry is booming this year, and because of this, investors have...
During our call, we’ll see if build-to-rent real estate can further your financial goals. Sound good?
Are you here to: