30-year mortgage rate falls to 3.88%
Apr 13th
The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for some. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan fell to 3.88 percent from 3.98 percent. That’s just above the rate of 3.87 percent reached in February, the lowest since long-term mortgages began in the 1950s. More >
Home owners has an opportunity to reduce mortgage rate
Apr 13th
Economic recession has resulted in rising unemployment which has increased the incidents of home re-possession by mortgage lenders. On the other hand interest rates have come down considerably in last few years. These two trends now offer opportunity for home owners to reduce their mortgage payments by exploring the refinance option. But this is not a simple process, it is almost as complicated as securing an original mortgage. More >
Commercial Real Estate Roundup for 4.6.12
Apr 6th
Sheltering Arms Hospital leased 28,172 square feet at 13700 St. Francis Blvd. in Chesterfield County. Primatics Financial, LLC leased 12,222 square feet at 1001-1063 Technology Park Drive in Henrico County. MCV Associated Physicians leased 6,317 square feet at Glen Forest Professional Center in Henrico County. More >
Renting in Minnesota just became easier
Mar 30th
Renting can be a headache especially for individual home owners that has to move out of Minnesota because of a new job. There are many risks inherent in renting a house including background check of the tenants, ensuring collection of timely rent collection and speedy response to a tenant’s complaint. For a renter ensuring the prevention of damage to the property by a rouge tenant is also very important. More >
Mortgage war combatants losing taste for battle
Mar 23rd
Canada’s lenders are growing weary of the mortgage war. Having been drawn into a price battle after Bank of Montreal (BMO-T 59.290.440.75%) dropped mortgage rates to historic lows in a rush to grab market share, some lenders have lost their appetite for thinning margins. More >
Pure Industrial Real Estate Trust announces closing of $9.7 million
Mar 16th
Today announced the successful closing of a single tenant, fully leased income producing industrial property for a total purchase price of $9,700,000. The property is located at 1345 Redwood Avenue in Winnipeg, Manitoba, has a total rentable area of 112,340 square feet and is situated on 9.9 acres, with 4.0 acres of future development land. More >
Bhoja Air line re-launches its commercial operations
Mar 9th
Bhoja Air re-launched its commercial operations after more than a decade of non-operation recently. The Karachi-Lahore-Karachi flight took off at 18:00 PST from Karachi and arrived in Lahore at 19:40 PST on schedule. More >
Florida Commercial Real Estate Market Looks Good for Recovery
Feb 17th
In Florida, the commercial real estate market shows growth and is apparently headed towards recovery. Economists commenting on commercial real estate predict that the economic recession will be left behind in 2012. Commercial markets in the state of Florida are ready to move up once again. More >
