UK house prices experienced their biggest monthly drop in a year this March, which resulted from market cooling after many homebuyers completed purchases to avoid English and Northern Irish stamp duty changes. According to data from Halifax, the average property price dropped by 0.5 per cent in March, falling to £296,699. This marks the most…
Rocket Companies (RKT) CEO Varun Krishna has gone on a spring spending spree. Rocket made its second significant acquisition of the month on Monday as it looks to gain share in the fragmented mortgage servicing industry. The company will acquire mortgage servicer Mr. Cooper (COOP) for $9.4 billion in stock. The combined company will service…
We recently published a list of 10 Most Undervalued REIT Stocks to Invest In Now. In this article, we are going to take a look at where Safehold Inc. (NYSE:SAFE) stands against other most undervalued REIT stocks to invest in now. According to the National Association of Realtors, sales of previously owned homes in February…
Today’s mortgage rates have increased. According to Zillow, the 30-year fixed mortgage rate is up four basis points to 6.51%, and the 15-year fixed interest rate has risen by three basis points to 5.89%. No one has a crystal ball to see what mortgage rates will do for the rest of 2025 — but it…
For Fed rate watchers, it’s halftime. Nothing’s happening; we might as well get some popcorn. Another pause in interest rate moves was announced on March 19. The low end of the target federal funds rate has been at 4.25% since before Christmas. Washington and the world are waiting to see what happens next to the…
Most mortgage rates have inched up today. According to Zillow, the 30-year fixed mortgage rate has increased by three basis points to 6.57%, and the 15-year fixed rate has risen by four basis points to 5.88%. These small increases are likely a response to the latest labor data. Yesterday, the U.S. Bureau of Labor Statistics…
Interest rates on many mortgage terms have decreased. According to Zillow, the 30-year fixed mortgage rate has been declining for several days, down three basis points today to 6.55%. This puts it at its lowest point since mid-December when it was at 6.50%. It may seem strange that mortgage rates are going down even though…
Mortgage rates are down across the board today. According to Zillow, the 30-year fixed mortgage rate has decreased by three basis points to 6.31%, and the 15-year fixed rate has dropped by five basis points to 5.65%. Mortgage interest rates tend to follow the 10-year Treasury yield, which has been trending downward since mid-November. Rates…
It might feel like mortgage rates will never stop increasing, especially since just a couple of months ago, many people expected rates to be lower than they are now. However, week-over-week rates have actually gone down. According to Zillow, the 30-year fixed mortgage rate has decreased by 15 basis points to 6.45%, the 15-year fixed…
Rental yields for Hong Kong residential properties have hit the highest level in more than a dozen years and are set to remain at an elevated level for two or three years, driven by robust demand from newly arrived residents and reduced mortgage costs, according to analysts. The average rental yield in the city inched…