Mortgage Rates hit a 2014 Low:   Today we had a discussion on many topics from the participants on the Graduate Call. We need to be aware of what the market is doing. According to CNNMoney: The average interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29% last week, according to Freddie Mac’s weekly mortgage rate report. Rates have not been this low since the week of November 7, when they were at 4.16%. The 15-year, fixed rate mortgage, a popular loan for homeowners […]

1 in 3 americans are spending too much in rent: Today we discussed an article that talks about how because of the economy and the credit issues of Americans many are spending too much in rent. This is crucial to understand when we as Real Estate investors are working with renters. The article states: One out of three Americans now live in a housing market where rent for a three-bedroom home eats up more than 30% of the monthly median income, the traditional threshold for affordability, according to RealtyTrac. And in some cities, residents are doling out a much […]