The U.S. economy is measured in many ways, with factual data assigned different meanings based on the best analysis, tools, and often the bias of the observers. What is clear from recent reporting in the national media, at least from our viewpoint, is that the economy isn’t going into a steep decline nor is it soaring quickly to record heights. We’re somewhere in the middle, holding fairly steady. Gross domestic product data from earlier this year points downward, but employment, consumer spending, durable goods orders, and non-residential investment numbers are all higher, pointing to a rebound. So here’s a fact: mortgage rates for 30-year loans averaged 6.42% last week, according to nationwide mortgage source Freddie Mac. Loan rates remain attractive for both residential and investment loans. While are not at the historical lows reached at times during the past four years, mortgage rates are still low enough not to be a barrier for most people.
About BruceBrown
Bruce is a real estate broker and, along with his wife Marge, team leader of the Cape Fear Home Team in beautiful southeastern North Carolina - the San Diego of the east coast.
Born in Maine and raised in Connecticut, Bruce has been a freelance journalist, university and college professor, high school teacher, therapist, and business owner. Now he focuses on running a successful team of real estate brokers and helping new and experienced real estate investors build goal-focused property portfolios.
Bruce is a graduate of Klemmer & Associates Compassionate Samurai program and is dedicated to "making the world a better place, with no one left behind".
Bruce and Marge have recently written and published "Ready, Set, Invest!", a book and workbook combination to help beginning real estate investors start to figure out what real estate investing is all about. In addition to welcoming select new clients, Bruce is also available for private consultation on a limited basis.
To subscribe to the Cape Fear Home Team's free e-mail newsletter, write to Bruce at brucebrown@seacoastrealty.com or sign up via the team's website at www.capefearhometeam.com.