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Giving some context to US real estate concerns
When the Federal Reserve (Fed) cut rates in response to the COVID-19 pandemic, mortgage rates fell below 3% in 2021 and many households refinanced or obtained new loans. Today, ~40% of homeowners own their home outright while 60% of those with a mortgage have rates below 4%, insulating a large part of the population from increasing borrowing costs due to the Fed hiking rates over the last two years. However, financing for commercial real estate (CRE) is different than that of residential housing. Traditionally, households borrow using 30-year fixed mortgages, while commercial real estate loans are often shorter in ... (full story)
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- Posted: Aug 9, 2024 1:42pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,393
