Property Owner

Last week, U-Haul released the results of their annual National Migration Trend report. This report reflects the nation’s top growth areas for families that moved in the past year. It looks like the country music capital of the world won as favorite city.

According to U-Haul, the report was compiled based on nationwide trends in cities of all sizes. They calculated the growth cities based on the percentage of inbound moves vs. outbound moves.

The migration factor is based on one-way truck rentals, which indicate a move away from or to a city. Last year, U-Haul had 1.6 million one-way truck transactions on the books. H

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Washington • Mortgage giant Fannie Mae said Wednesday it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit.

The Washington-based company said it lost $2.41 billion in the October-December quarter, stung by declining home prices. Revenue was $4.53 billion.

The government rescued Fannie and sibling company Freddie Mac in September 2008 to cover their losses on soured mortgage loans. Since then, a federal regulator — the Federal Housing Finance Agency — has controlled their financial decisions.

Taxpayers have spent more than $150 billion to prop up Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. The g

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The Ray White Group, in partnership with the New Zealand Herald, Property Press, Suburban News, Outlook and Far North Real Estate, have brought together substantive marketing incentives for vendors who are considering marketing their property during the two week period commencing 10th March 2012.

Each of our members in areas where each of our media partners have publications will have information on the upgrade incentives for vendors who are currently on the market or considering. These incentives will create a higher awareness to the currently active buyer pool for that particular area.

The Ray White Group is proud to continue, with its media partners, offering marketing value. Read full article…

Gas prices are rising in the US and it makes you wonder: will mortgage rates soon be rising as well?

The questions are not unrelated. In basic terms the price paid for gasoline at the pump has very little to do with the actual cost of production, refinement and distribution. However, the price paid at the pump is a universal tax of sorts, raising the cost to commute and move goods. In other words, higher energy prices add to inflationary pressures.

Mortgage Rates

When inflation hits economies then mortgage investors want to preserve the buying power of their capital. They do that by seeking higher home loan interest rates.

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