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Are home prices still going up? What’s happening with mortgage rates?
Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} the week ending Dec. 2 compared to the previous week. And the average loan size for a purchase application was at its lowest level since January 2021. Meanwhile, the average rate for a 30-year fixed mortgage trended down to 6.33{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} as of Dec. 8, according to the latest data from Freddie Mac. The fixed-rate mortgage has more than doubled from a year earlier when it averaged 3.1{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. The pandemic-era housing boom, combined with decades-high inflation and volatile mortgage rates, are forcing prospective homebuyers and homesellers to sit…
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How to invest $100,000: Best ways to grow your wealth
Acquiring $100,000 at your disposal can current a wide variety of financial investment alternatives. Dependent on your financial needs and plans, the income can be put to do the job to create passive cash flow, enrich your retirement readiness and even start a new business that can offer higher prosperity in the several years to come. How to commit $100,000 The initially action when you have any total of money to make investments, irrespective of whether it is $100,000 or some other sum, is to think about your short- and very long-term money strategies and objectives. It is also essential to imagine about when you could possibly want to obtain…
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Home and garden calendar for Nov. 12-19 in the New Orleans area | Home/Garden
White variegated Leyland Cypress, photographed Wednesday, Nov. 9, 2016, at the Shady Pond Tree Farm in Pearl River. Advocate staff photo by SCOTT THRELKELD Tree giveaway Saturday Orleans Parish residents can receive one of 700 free trees from 8:30 a.m. to noon Saturday at the Department of Parks and Parkways, 1 Green Parade Lane, in New Orleans. The Big TREEsy Giveaway includes more than 35 types of trees. Also, a host of Plaquemines Parish citrus trees will be available for sale for $45, including Meyer lemon, grapefruit, Key and Persian limes and navel, blood and Hamlin oranges, as well as Arbequina olive. Celeste and LSU yellow figs will be $35,…
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A celebration of decoration
By: Jeremy D. WellsCarter County Times The town of Grayson commenced celebrating their Hometown Vacations this previous weekend, but they aren’t accomplished nevertheless! If you have not finished so, there’s continue to time to decorate, nominate a house, and vote in the newest addition to the getaway celebration, the Merry & Dazzling Light-weight Path Xmas decoration contest. You don’t even have to be in Grayson – participation is open to residents throughout the county – and you could gain cash just for including your household to the record. Nevertheless the light path was born out of COVID limitations, the Grayson Location Chamber programs to continue on supporting it as a…
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Economists: A US housing recession has already arrived
This has been a year of watershed times in true estate, and not the great form. The Housing Market place Index, a closely viewed business metric that gauges the outlook for property revenue, declined to 33 in November on a hundred-position scale, its cheapest amount in a 10 years, preserve for the initially dystopian month of the pandemic. Anything below 50 spells issues. A thirty day period earlier, interest rates on a regular 30-yr home finance loan passed 7 p.c, capping the major single-12 months maximize in at the very least 50 decades. “Just to give you a feeling of how far we’ve arrive, we began the year all around 3 percent,” reported Michael Fratantoni, chief…
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Sponsored: Valor Helps Real Estate Investors Secure a DSCR Investment Property Loan
Are you a real estate investor looking to acquire a DSCR investment property loan? Valor is here to help you avoid using hard money and qualify for investment property acquisitions and refinances by using the cash flow of the investment property itself. Traditional mortgage lending requires tax returns during the loan approval process but a DSCR investment property loan does not. When providing tax returns, it does not always give an accurate portrayal of true cash flow, due to the way traditional loans are underwritten (which often applies a default vacancy factor, minimum global debt service, and other guidelines and overlays). Real estate investors and others whose tax returns do not…
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