Real Estate Market Update:
Last week the Federal Reserve raised the Federal Funds rate by .25bps. This action doesn't directly impact mortgage rates itself. However, it does impact the 10-year Treasury Yield, and mortgage rates do tend to follow that trend. If you want to know what mortgage rates are going to do, your best bet is to look at where the 10-year Treasury Yield is headed.
Last week the Federal Reserve raised the Federal Funds rate by .25bps. This action doesn't directly impact mortgage rates itself. However, it does impact the 10-year Treasury Yield, and mortgage rates do tend to follow that trend. If you want to know what mortgage rates are going to do, your best bet is to look at where the 10-year Treasury Yield is headed.
The result of all of this is a very slight uptick in the conventional purchase money rates across the board: 30,15,10 year fixed and ARM rates. The average 30-year purchase money now sits at 6.55%, as compared to 6.36% two weeks ago.
The result of all of this is a very slight uptick in the conventional purchase money rates across the board: 30,15,10 year fixed and ARM rates. The average 30-year purchase money now sits at 6.55%, as compared to 6.36% two weeks ago.
Similarly, refinance rates also increased.
Similarly, refinance rates also increased.
Image Source: Bankrate.com
Often times, successful investors who make the leap from a W2 employee to a self-employed investor are caught in a tough position which makes it difficult to obtain and qualify for conventional financing. Are you looking for a non-conventional loan? We'd recommend looking into Non-QM DSCR loan options for those with difficult to document income.
See our latest 'Ask the Experts' segment below where we describe just what a DSCR loan is, and how to get one.
Image Source: Bankrate.com
Often times, successful investors who make the leap from a W2 employee to a self-employed investor are caught in a tough position which makes it difficult to obtain and qualify for conventional financing. Are you looking for a non-conventional loan? We'd recommend looking into Non-QM DSCR loan options for those with difficult to document income.
See our latest 'Ask the Experts' segment below where we describe just what a DSCR loan is, and how to get one.
In New Hampshire, Real Estate prices are following suit with the national trends.
It is more important than ever to be selective, and to understand the communities in which we invest. This will result in a higher probability of success with your investment returns.
Check out our 'Want to learn more about New Hampshire?' link below to learn about where we recommend investing in and why.
In New Hampshire, Real Estate prices are following suit with the national trends.
It is more important than ever to be selective, and to understand the communities in which we invest. This will result in a higher probability of success with your investment returns.
Check out our 'Want to learn more about New Hampshire?' link below to learn about where we recommend investing in and why.
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