What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.
From Freddie Mac’s weekly survey: The 30-year fixed rate dropped nicely, again, to 3.63 percent from last week’s 3.66 percent. The 15-year fixed dropped to 2.93 percent from last week’s 2.98 percent.
The Mortgage Bankers Association reports a 14 percent increase in loan applications from the previous week with a 57 percent spike in Federal Housing Administration refinance volume contributing.
BOTTOM LINE: A year ago, 30-year fixed mortgage rates averaged 4.39 percent. Assuming a borrower gets the typical 30-year conforming fixed rate on a $417,000 loan, last year’s of $2,085 was $183 more than this week’s payment of $1,902.
WHAT I SEE: From rate sheets hitting my desk that are not part of Freddie Mac’s survey: Locally, FHA buyers and refinancers can...
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Your Best Real Estate Move: Flip or Hold in 2015?
AlamyHome sales are projected to increase next year, which could work to the advantage of investors.
By Joel Cone
So which strategies are best for real estate investors next year?
The Big Picture for 2015
Looking at the nation's housing and economic indicators, there is plenty of positive news to justify continued investor optimism in 2015. Home sales –- both existing and new -- are projected to increase next year, which is welcome news for fix-and-flip investors.
At the 2014...