Fed Rate hikes return average US long-term mortgage rates to mid-2000’s levels
CHAPEL HILL, NC – U.S. mortgage rates experienced another upwards bump last week, reaching just under 7.00%. We haven’t seen these levels since the mid-2000’s. This and future increases continues to put pressure on potential homebuyers and investors. Folks have been struggling with the rapid rise in interest rates combined with a still limited number […]
Should My Tenants Be Responsible for Lawn Care?
If you own investment property in the Chapel Hill/Carrboro area, it’s safe to assume that you want to keep it looking nice. A well-maintained yard adds curb appeal, keeps the neighbors happy, and contributes to the health and wellness of your tenants. But who should bear the responsibility of maintaining this outdoor area: the tenant or the landlord? […]
4 Things Every Real Estate Investor Should Be Doing
CHAPEL HILL, NC – Investing in real estate is a great way to make some extra money, but not every investor works as optimally as they can. There are a few things every real estate investor should be doing to maximize their profits while minimizing stress, so read on! Planning Many investors’ first mistake is that […]
Fed increases to Mortgage rates will slow home sales, But All Is Not Bleak Experts Say
CHAPEL HILL, NC – Following the Federal Reserve’s decision to hike its key benchmark by 75 basis points in an attempt to lower crippling inflation gripping the United States and head off a possible recession, interest rates for home mortgages have been steadily increasing after having hit record lows during the COVID-19 pandemic; that, combined […]
