by Maria Medina | Nov 6, 2024 | Market Trends
Following the election, the Federal Reserve will likely continue with gradual interest rate cuts as inflation remains low and stable. The Fed’s recent approach, described as a “recalibration” to align with a lower inflation environment, suggests that further...
by Maria Medina | Oct 5, 2024 | Market Trends
What is a 1031 Exchange? A 1031 Exchange is a tool in U.S. tax law that allows property investors to defer paying capital gains taxes when they sell one investment property and purchase another “like-kind” property within a specific timeframe. Named after Section 1031...
by Maria Medina | Sep 12, 2024 | Market Trends
This week, the average rate for a 30-year fixed mortgage dropped to 6.2%, slightly lower than last week’s 6.35% and down from 7.18% a year ago. This marks the lowest rate since February 2023. The 15-year fixed mortgage rate also fell to 5.27%, compared to 5.47%...
by Maria Medina | Sep 11, 2024 | Market Trends
Borrowers can improve their credit scores, extend the length of their loan, or eliminate private mortgage insurance to make mortgage payments more manageable. An upcoming interest rate cut might help make homeownership more attainable, although immediate savings for...
