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Always double-check what an off-plan developer says to you - too many people believe everything they are told by a salesperson. Double check planni...
Latest News
U.S. mortgage application rise as rates fall to record low
Date:-23-Sep-2011
Mortgage applications continued to increase last week, according to the Mortgage Bankers Association, amid falling borrowing rates.
Mortgage giant Freddie Mac has announced that U.S. mortgage rates dropped to the lowest point in 60 years last week, with a 30-year fixed rate mortgage now available from just 4.09%. Meanwhile, the 15-year fixed rate is available at an average rate of just 3.3%.
Mortgage borrowing rates are falling due to mounting concern regarding the state of the European debt markets and low U.S. Treasury bond yields.
Cheap mortgage borrowing rates are great for shrewd investors looking to buy a home in the USA, particularly property investors.
Whether a residential unit in New York or a property in Florida, wherever someone is looking to buy a home in the USA, cheap mortgage borrowing costs allows that person to maximise return on investment by using the bank’s money to make a greater profit, assuming property prices rise in the future.
