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Adjustable-rate mortgage applications hit a 14-year high of 11% of total mortgage applications in May, according to a Mortgage Bankers Association report.
ARMs, which played a central role in the 2008 housing market collapse, are trending upward in Tampa Bay alongside rising interest rates, but they aren’t a reason for concern, according to Bank of Tampa Pinellas Market President Owen LaFave.
“The product has changed a lot since the last [economic] cycle. It’s not as risky,” LaFave to...
Adjustable-rate mortgage applications hit a 14-year high of 11% of total mortgage applications in May, according to a Mortgage Bankers Association report.
ARMs, which played a central role in the 2008 housing market collapse, are trending upward in Tampa Bay alongside rising interest rates, but they aren’t a reason for concern, according to Bank of Tampa Pinellas Market President Owen LaFave.
“The product has changed a lot since the last [economic] cycle. It’s not as risky,” LaFave to...
How much does it cost to borrower money? Interest rates are one of the key benchmarks for overall costs. The interest rate market is a constantly changing environment and strategies need to adapt to these changes. JP CONKLIN with Pensford gives you insight on where interest rates are today and where they are going. If you are going to borrower money to purchase an apartment building…you need to listen to JP CONKLIN. Managing interest rate exposure and maturity risk are two of the most critical...
How much does it cost to borrower money? Interest rates are one of the key benchmarks for overall costs. The interest rate market is a constantly changing environment and strategies need to adapt to these changes. JP CONKLIN with Pensford gives you insight on where interest rates are today and where they are going. If you are going to borrower money to purchase an apartment building…you need to listen to JP CONKLIN. Managing interest rate exposure and maturity risk are two of the most critical...
If you are an apartment investor…you need to know what all your costs are going to be in the future. How much for insurance? How much for property taxes next year? How much is my debt service going to be for next year? Am I going to have a NET OPERATING INCOME or a NET OPERATING LOSS? JP Conklin gives us an idea on where interest rates are headed. Typically, your mortgage is the largest line-item expense on your operating statement… It would be good to know if you have an adjustable rate or ...
If you are an apartment investor…you need to know what all your costs are going to be in the future. How much for insurance? How much for property taxes next year? How much is my debt service going to be for next year? Am I going to have a NET OPERATING INCOME or a NET OPERATING LOSS? JP Conklin gives us an idea on where interest rates are headed. Typically, your mortgage is the largest line-item expense on your operating statement… It would be good to know if you have an adjustable rate or ...
Interest rates are a big concern when mortgage shopping, but how are interest rates determined? A lower interest rate makes monthly mortgage payments more affordable while a higher interest rate can make it difficult to get approved for a loan. Interest rates are influenced by a variety of factors and can affect the cost to... View Article
Interest rates are a big concern when mortgage shopping, but how are interest rates determined? A lower interest rate makes monthly mortgage payments more affordable while a higher interest rate can make it difficult to get approved for a loan. Interest rates are influenced by a variety of factors and can affect the cost to... View Article
Housing inventory is on the rise as interest rates reduce demand from buyers. One unintended consequence: homebuilders are stepping back from development plans, which could draw out the region's housing shortage even as its jobs market continues to attract more transplants.
Housing inventory is on the rise as interest rates reduce demand from buyers. One unintended consequence: homebuilders are stepping back from development plans, which could draw out the region's housing shortage even as its jobs market continues to attract more transplants.
If you are ready to buy, do NOT hesitate!
If you are ready to buy, do NOT hesitate!
As a short-term rental investor, I’ve been asking if it’s still profitable to invest in short-term rentals (STR) with rising interest rates? There is a lot of uncertainty in the market right now, and many are asking if certain real estate assets are still profitable with rising interest rates. We’re all quick to jump to the Great Recession and compare it to what we’re currently or soon could be facing. Though it is important to study market cycles to figure out if we could be moving...
As a short-term rental investor, I’ve been asking if it’s still profitable to invest in short-term rentals (STR) with rising interest rates? There is a lot of uncertainty in the market right now, and many are asking if certain real estate assets are still profitable with rising interest rates. We’re all quick to jump to the Great Recession and compare it to what we’re currently or soon could be facing. Though it is important to study market cycles to figure out if we could be moving...
There are a few really important numbers when it’s time to obtain a home loan: your credit score, the amount you want to borrow, and the interest rate. The news is full of talk about interest rates lately. Will they go up? Will they go down? Will they stay down? When they go up, how far will they go?
There are a few really important numbers when it’s time to obtain a home loan: your credit score, the amount you want to borrow, and the interest rate. The news is full of talk about interest rates lately. Will they go up? Will they go down? Will they stay down? When they go up, how far will they go?
It is now exactly a year since the Bank of England started raising interest rates from a record low of 0.1%. Threadneedle Street has increased the cost of borrowing at each of its nine meetings since December 2021 and after the latest 0.5 point jump it now stands at 3.5%.By historic standards that seems nothing to get worked up about. In the period between 1997 – when the Bank was granted its independence – and the start of the financial crisis a decade later interest rates never dropped bel...
It is now exactly a year since the Bank of England started raising interest rates from a record low of 0.1%. Threadneedle Street has increased the cost of borrowing at each of its nine meetings since December 2021 and after the latest 0.5 point jump it now stands at 3.5%.By historic standards that seems nothing to get worked up about. In the period between 1997 – when the Bank was granted its independence – and the start of the financial crisis a decade later interest rates never dropped bel...