May 2017

Mortage Rates on the Rise

  Long-term U.S. mortgage rates inched higher this week. The benchmark 30-year rate remained above the key threshold of 4 percent. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans rose to 4.05 percent from 4.02 percent last week. The rate stood at 3.57 percent a year ago and averaged 3.65 percent in 2016, the lowest level in records dating to...

Pandora – Update – Lines builds upon Lines

It was this kind of opening day at Pandora – The World of Avatar: There were lines to get into other lines. LONG lines to get into other long lines. The kind of lines you swear you will never step into. "Is it really that great?" I heard a non-waiter ask while passing the crowd outside the newest land at Disney’s Animal Kingdom. It truly is kind of a mystery, the urge to be in the...

Investors focusing on build-to-rent homes

Investment companies are betting big that the rental boom will continue, which is why they're still snatching up properties even as foreclosures dry up. Following the financial crisis, investors purchased foreclosures on the cheap and then rented these single-family homes out for profit. It's a move that worked for several years, but now there are fewer foreclosures to buy, home prices are on the...

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