Day: March 13, 2020

MLS Listings, News, Instruments

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Mortgage Rates Driven to Historic Lows by the Coronavirus Amp Up Homebuyer Purchasing Power

Homebuyers in Dallas and Portland, Oregon saw an increase in the share of homes affordable, while those in Phoenix and Las Vegas saw a decrease.

A dramatic drop in mortgage interest rates, driven by coronavirus fears, has given homebuyers a big boost in purchasing power in recent weeks. At the current mortgage interest rate of 3.2%, a homebuyer with a $2,500 monthly mortgage budget could afford to purchase a home priced $51,250 higher than in March of 2019 when rates were 4.4%. Put another way, as a result of the drop in mortgage interest rates, the monthly payment on

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Prime Sydney property snapped up by expats looking for haven

Expats are loving the northern beaches especially prestige spot near the ocean.

Expats are so keen to find a safe haven for their money they are buying Sydney real estate promptly and sometimes without even seeing it.

One expat has just bought a Manly beachfront property for more than $5 million after seeing it only on a video, another was chasing an exclusive townhouse with a price tag of more than $7 million and a third paid $1.8 million for a Manly unit with views of the Heads.

MORE: Gutherson buys northern beaches reno project

Fairlight record broken by over

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