Mortgage rates drove even higher last week after the Federal Reserve signaled it would continue its aggressive action to cool inflation. That, and rising uncertainty in the overall housing market, caused mortgage application volume to drop 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
U.S. mortgage rates jumped more than half a percentage point this week, an increase not seen in decades and one sure to price even more Americans out of the housing market.
Let’s face it. Running even a fledgling real estate empire is hard work. The only paperwork that’s fun is cashing those rent checks! Nonetheless, the end of the year is a great time to step back from all the wheeling and dealing and do some strategic planning for the New Year. In The E-Myth Revisited
12/19/10: Winding Down the Year – Maximizing Your Properties, Deductions and Strategies Read More »