U.S. Mortgage Rates Starting to Rise in July

Freddie Mac | July 22, 2019

Based on Freddie Macs latest Primary Mortgage Market Survey, after three weeks of holding fairly steady, the average U.S. mortgage rate ticked up in mid-July, 2019. Sam Khater, Freddie Macs chief economist, says, "Mortgage rates moved higher after remaining at around the same level for about three weeks. The rise in rates was driven by continued improvement in consumer spending and partly due to optimism around a forthcoming cut in short term interest rates, which should provide support for business and investor sentiment."

Spotlight

Are you ready to buy a home? While it may not be as easy as 1, 2, 3 - but it might be as easy as 1-10. While a variety of factors can affect the ease and timing of your transaction, a few basic steps are universal in most purchases.

Spotlight

Are you ready to buy a home? While it may not be as easy as 1, 2, 3 - but it might be as easy as 1-10. While a variety of factors can affect the ease and timing of your transaction, a few basic steps are universal in most purchases.

Related News

REAL ESTATE TECHNOLOGY,REAL ESTATE ADVICE

Offerpad Helps Simplify the Home Mortgage Experience with New Mobile App

Offerpad | August 02, 2022

Offerpad, a leading tech-enabled platform for buying and selling residential real estate, today revealed a new mobile app that simplifies the home loan process to make it less time-consuming and overwhelming for borrowers. Digital tools designed for on-the-go efficiency, combined with the personal touch of Offerpad’s home loan and refinance experts, provide borrowers with a seamless journey to homeownership. "We have financing solutions to help make buyers’ dreams of home ownership a reality. Whether you’re a first-time buyer or need to sell before you buy, Offerpad can help you get the home you want with financing solutions to fit your unique needs. With our new mobile app, we're taking the mortgage process from time-consuming to timesaving" - Offerpad Vice President of Home Loans James J.R. Samsing. Offerpad’s new mobile app removes complexity and friction from the home loan process to provide borrowers with valuable benefits: Customizable and flexible loan application process Navigate the application process from the mobile app, online portal or toggle back and forth for a flexible and frustration-free mortgage experience. Easily access loan applications, complete tasks, securely scan, upload and e-sign documents, check on loan progress and communicate with an Offerpad loan officer – all from a single login. Securely and quickly submit loan documents from any mobile device. Fast and transparent pre-qualification and pre-approval Access loan products, pricing scenarios, quotes and rates from anywhere. Push notifications provide immediate transparency into loan progress, including pre-qualification or pre-approval status. In-app notifications for critical requests and required tasks ensure faster loan processing. Sell, buy and finance together to save thousands Bundle to save up to $4,000 when combining Offerpad’s sell and buy solutions with financing from Offerpad Home Loans. Borrowers can find a mortgage and keep the rate for up to 90 days for certainty and control while home shopping. About Offerpad Offerpad’s mission is to deliver the best home buying and selling experience so you can spend less time ‘real estat-ing’ and more time living. From cash offers and flexible listing options to mortgages and buyer services, Offerpad has been helping homeowners since 2015. We pair our local expertise in residential real estate with proprietary technology to put you in control of the process and help find the right solution that fits your needs. Offerpad’s real estate solutions are available in 28 U.S. markets and more than 1,800 cities and towns across the country. Visit Offerpad.com for more information.

Read More

REAL ESTATE TECHNOLOGY

RealFoundations Launches Practice Group to Design World-Class Operating Model Driving Investor Returns

RealFoundations | June 03, 2022

RealFoundations, one of the world's foremost providers of consulting and managed services for the real estate industry, announced the launch of its new Investor Sector Practice Group, which aims to help investors and investment managers elevate their real estate assets and drive improved returns. Investors and investment managers are challenged by insufficient modeling capabilities, unstructured information sharing, limited technology integrations and the inability to report portfolio performance quickly, accurately, and with consistency across various metrics. RealFoundations' Investor Sector Practice Group provides a forum for industry leaders to openly discuss the pain points, technologies, and leading practices that span business functions such as Capital Management, Fund and Portfolio Management and Accounting, Asset Management, and Property Operations, Development, Enterprise Strategy, and Governance. The Practice Group and its Advisory Panel, comprised of passionate real estate professionals with significant experience in the Investment Management sector, focus on designing an industry-leading model that enables investment managers to effectively: Monitor performance across their portfolio from underwriting through disposition, Report portfolio diversification across various metrics, Measure and monitor all leases and leasing activity across their portfolio, Analyze debt exposure by fund, asset, and lender, Respond to internal and external ad-hoc inquiries using readily available applications and data, and Forecast and model portfolio performance based on various scenarios. With over 200 years of combined experience transforming the way investors and investment managers work across North America, Europe, and Asia Pacific, RealFoundations has delivered actionable insights to the top 5 ranked firms, as well as 13 of the top 25 ranked firms, recognized by IPE Real Assets in their top 150 Real Estate Investment Managers list. Our Investor Practice Group partners with real estate firms to implement improved decision-making capabilities which ultimately leads to greater portfolio returns. Our practitioners have years of experience in the real estate investment sector which enables us to quickly evaluate companies' operating platforms and recommend enhancements to streamline efficiency and increase profitability." Brent McFerren, Enterprise Managing Consultant, RealFoundations The Investor Sector Practice Group levers RealFoundations' long-running relationships with organizations such as IREI, NAREIM, NCREIF and PREA, along with its accumulated expertise and foremost knowledge of leading practices and technologies to offer value-add problem-solving strategies to the industry, furthering its mission to make real estate run better. About RealFoundations RealFoundations is the world's foremost professional services firm focused solely on the real estate industry. Through our delivery of Management Consulting and Managed Services, we help companies that develop, own, operate, service or invest in real estate make better, more profitable decisions. We are proud partners to over 450 real estate companies around the globe, providing accelerated solutions that solve some of real estate's most complex challenges. We Make Real Estate Run Better.

Read More

REAL ESTATE INVESTMENT

Capital Square Launches $300 Million Multifamily Institutional Development Fund

Capital Square | May 25, 2022

Capital Square, a national real estate investor and an active developer of multifamily communities, announced the launch of Capital Square Multifamily Development Fund I, L.P. The fund seeks to raise up to $300 million in equity from institutional investors who will participate in the development of a portfolio of ground-up, multifamily real estate communities located in emerging secondary markets in the Mid-Atlantic and Southeast regions of the United States. There is a shortage of quality housing that traces its origin to the Great Real Estate Recession. The shortage was exacerbated by the COVID-19 pandemic that delayed or halted many new developments. To accelerate the development of new Class A institutional-quality multifamily communities, the fund will focus on shovel-ready, ground-up sites. Capital Square is bullish on Class A multifamily investments that generate an unrivaled combination of stable cash flow, appreciation potential and inflation protection. Investors are flocking to the multifamily asset class." Louis Rogers, Founder and Chief Executive Officer of Capital Square Capital Square Multifamily Development Fund I continues Capital Square's focus on investing in quality multifamily assets that have an opportunity to provide outsized returns to investors. The fund will invest in the limited partner equity portion of the capital stack and will focus on emerging secondary growth markets (e.g., Richmond, Charleston, and Knoxville) that lack institutional capital investment, including Richmond, Virginian, Charleston, South Carolina, and Knoxville, Tennessee. "The housing crisis in this country has created strengthening fundamentals in our target markets, and multifamily investment continues to provide strong opportunities for compelling risk-adjusted returns for investors and will do so for the foreseeable future," said Whitson Huffman, chief strategy and investment officer. Capital Square Multifamily Development Fund I seeks to invest in more than $850 million of development projects. The portfolio is expected to be comprised primarily of multifamily developments sponsored by one of Capital Square's vetted joint venture development partners. Under its current growth strategy, Capital Square plans to launch additional multifamily development fund offerings approximately every two years. Over the past 10 years, Capital Square has completed more than $5.6 billion in real estate transactions in emerging secondary markets, including the acquisition of 13,100 multifamily units. Additionally, Capital Square is currently developing eight multifamily projects totaling 1,954 units. The company has cultivated an extensive network of owners, developers, and commercial real estate brokers that provide comprehensive sourcing ability and market intelligence. About Capital Square Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges, qualified opportunity zone funds for tax deferral and exclusion and a real estate investment trust (REIT). In recent years the company has become an active developer of multifamily properties in the southeastern US, with eight current projects totaling approximately 2,000 apartment units with a total development cost in excess of $600 million. Since 2012, Capital Square has completed more than $5.6 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020.

Read More