Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
With mortgage rates at historic lows, US mortgage lenders are working hard to handle the increased volume of loans required, especially amid a surge in refinancing.
Freddie Mac says that the 30-year fixed-rate mortgage (FRM) averaged 3.36% (with an average 0.7 point) Thursday, up slightly from the 3.29% of a week earlier but down from 4.31% a year ago.
“As refinance applications continue to surge and lenders work to manage capacity, the 30-year fixed-rate mortgage ticked up from last week’s all-time low,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates remain at extraordinary levels and many homeowners are smartly weighing their options to refinance, potentially saving themselves money.”
For 15-year FRMs, the average rate was 2.77% (with an average 0.7 point), down from 2.79% a week earlier and down from 3.76% a year ago.
For 5-year adjustable-rate mortgages, the average rate was 3.01% (with an average 0.2 point), down from last week’s average of 3.18% and down from 3.84% a year ago.
Last week, Anthony Hsieh, CEO of lending marketplace loanDepot, suggested that the biggest refinance rally in history may outpace the production capacity of the US home lending industry.
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
For Real Estate News and Market Updates & VIP Access to Exclusive Real Estate Investment Opportunities
Canadian Real Estate Wealth Media Corp. needs the contact information you provide to us to contact you with news and market updates and to share real estate investment opportunities. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
Many Torontonians and GTA investors perceive Windsor in a different light. But the reality is, it's a growing city that has much to offer investors, homebuyers, students, immigrants, and retirees alike.
While Calgary has continued to increase in popularity, prices have remained steady unlike in markets like Toronto and Vancouver. It holds many benefits for investors.
The Scott McGillivray Real Estate Fund helps people understand passive real estate investing. Scott McGillivray himself has been speaking to people about how to invest in real estate for over 15 years.
From February 2022 to April 2022, there have already been significant price decreases. However, that doesn't mean affordability is around the corner.
According to OSFI, the real estate market in Canada has seen a massive run-up resulting from low-interest rates and supply/demand imbalances.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”