Note & Real Estate News

Published: Wed, 08/17/22

Hi ,

The following is an excerpt from a recent FOX Business article that is featured as the top story in our Note & Real Estate News section below.

-------------------------------------------------------------------------

Just because 20 and 30-year fixed mortgage rates have tumbled in recent days, doesn’t mean it’s the right time to buy or sell your home, according to one real estate expert.

“The people that are buying the bonds that actually support the 30-year mortgage are doing a flee to safety,” Carroll founder and CEO Patrick Carroll said on “Mornings with Maria” Thursday. “They’re afraid of all the things that are out there that really nobody can predict.”

As the 20-year fixed rate fell to 4.5% last Tuesday, the 30-year fixed rate saw its largest weekly decline since 2020 after reaching 5.43%.

“I think waiting on the sidelines a little bit could be a good play,” Carroll responded when asked whether the low rates mean it’s a good time to buy or sell.

Cheers,
𝐵𝒾𝓁𝓁

W. J. Mencarow
President, The Paper Source 🔸 Where The Note Industry Meets

Note & Real Estate News

Mortgage Rates Temporarily Fall as Home Buyers ‘Flee to Safety’

Carroll CEO says 30-year mortgage temporarily falling as people ‘flee to safety’ in uncertain market.

Economist: U.S. Home Prices to Plunge ‘Substantially’ on ‘Cratering’ Demand

U.S. home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist has warned.

Housing Industry Insider Warns U.S. is in a Housing Affordability ‘Crisis’

National Association of Home Builders CEO Jerry Howard recently warned that the United States is currently in a housing affordability “crisis” caused by a supply shortage.

10 Cities Where Sellers Are Slashing Home Prices the Most

The parts of the country seeing the steepest price cuts tend to be those that attracted lots of interest from out-of-state buyers and prices surged the most, far out of reach of many local would-be buyers.

5 Things That Should Happen During A Home Inspection

Major red flags that come up during the inspection could make you reconsider buying, or even nullify the contract (depending on your contingencies)—that’s why inspections can be stressful for both the buyer and the seller.

Join the Real Estate Note Investing Group on Facebook

The 2022 Paper Source Note Convention LIVE! https://papersourceseminars.com/

The Paper Source -- Guiding Note Investors Since 1987:
https://papersourceonline.com/

317 S. Sidney Baker, PMB 304
Kerrville, TX 78028

Unsubscribe | Change Subscriber Options