Top Ten Rental Markets for Investors

According to RealtyTrac and RentRage, Williamson County, Texas, is the fourth best rental market nationwide for investors.  The stats are based on gross yield percentages.  If you’d like more information on investing in Texas real estate, call Edwin Lui, a licensed Texas Realtor with an Economics degree that might be of use when determining gross yield.  He’s also a fellow investor.

Williamson County, Texas:
Median market value: $158,000
Median rent value: $1,403
Gross yield: 10.7%

Source: http://realtormag.realtor.org/daily-news/2013/09/20/top-10-hidden-gem-single-family-rental-markets?om_rid=AACLKS&om_mid=_BSPKI6B81T4DuK&om_ntype=RMODaily

Mortgage Rates Sink to New Lows Again

Cash is king, but when interest rates are this low, any educated buyer (homeowner or investor) would be wise to consider financing options and using all the leverage available.

Here’s a closer look for the national average rates for the week ending Sept. 27:

  • 30-year fixed-rate mortgages: averaged a new record low of 3.40 percent this week, with an average 0.6 point, dropping from last week’s previous record low of 3.49 percent. A year ago at this time, 30-year rates averaged 4.01 percent.
  • 15-year fixed-rate mortgages: averaged a new low of 2.73 percent, with an average 0.6 point, dropping from last week’s previous record low of 2.77 percent. A year ago, 15-year rates averaged 3.28 percent.
  • 5-year adjustable-rate mortgages: averaged 2.71 percent, with an average 0.6 point, dropping from last week’s 2.76 percent average. Last year at this time, 5-year ARMs averaged 3.02 percent.
  • 1-year ARMs: averaged a new low of 2.60 percent this week, with an average 0.4 point, dropping from last week’s 2.61 percent average. A year ago, 1-year ARMs averaged 2.83 percent.

Check out the full article here: Mortgage Rates Sink to New Lows Again

Facebook Auto Publish Powered By : XYZScripts.com