Buyers are walking away from new homes due to rising interest rates

Interest rates have been rising so fast that many buyers who signed contracts to purchase new homes in the last year have been caught off-guard. Mortgage rates were at record lows of 3% or even less in some cases last year. Yet, a series of sudden increases have sent mortgage rates to 5.3% as of

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Real Estate Investing Strategies: Buy or Sell Subject-to The Existing Mortgage

In recent years buying property subject-to the existing mortgage has not been a “mainstream” strategy for real estate investors. Even so, it is a perennial favorite with “no cash no credit” buyers who want to buy a home but cannot or do not wish qualify for a traditional mortgage loan.

Will Interest Rates Always Be This Low?

Rates on 15 year mortgages are hovering in the 3.65% range, and the rate for a 5/1 ARM is below 3%. We have reached a historic low with mortgage rates. But can they stay this way forever? I’m a boomer approaching my mid 50’s, and I can vividly remember the double digit interest rates that

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