Category: Think Pieces
USA The 30-year mortgage rate in the U.S. has climbed to 6.54%, its highest since early August. While buyers face higher costs, new home sales jumped in September to their fastest pace in over a year, showing strong demand in the market despite rising rates. Source: Mortgage Rates in U.S. Rise for Fourth Week, Climbing to…
USA The U.S. is facing a growing housing crisis, with an estimated 5.6 million vacant homes despite high demand in the housing market. Vacancy rates have surged as affordability worsens due to rising mortgage rates and limited supply. This disconnect between available homes and potential buyers continues to pressure the market, contributing to the ongoing…
USA U.S. mortgage rates rose to 6.32% for a 30-year fixed loan, the biggest increase since April. Freddie Mac’s economist noted that the rise reflects economic strength, despite higher rates making affordability tougher. While some buyers may hesitate, others are advised to act now since lower rates may not return soon. Melissa Cohn suggests focusing…
USA The Federal Reserve’s 50 basis point rate cut on September 18, 2024, is expected to lower borrowing costs, providing relief for homebuyers and investors. Mortgage rates may decrease, spurring demand for housing in regions such as the Northeast and Midwest. However, affordability concerns remain in areas like Florida, where rising insurance costs continue to…
It’s been a hectic week with several conferences in town and F1 next week. As we are all waiting for the Fed’s decision this week, I wanted to update everyone on a new loan program that has been very popular since we launched it. Did you know you can qualify for a U.S. mortgage by…
USA Goldman Sachs predicts U.S. home prices will rise by over 4% in 2024, driven by falling mortgage rates and steady demand. Strong price growth is expected in areas like the Midwest, Northeast (New York, Boston), and parts of California (especially San Diego and San Jose). However, regions like Florida, hit hard by affordability issues…
Expect Market Weakness in September On September 16th, the U.S. corporate tax deadline hits, along with non-withheld personal taxes due mid-September. September is typically a seasonally weak month in the markets, and with potential tax-related liquidity drains of up to $500M, we can expect some market weakness this month. It is prudent to think long-term…
GMG | Investor [Super rare] Newly-constructed multi-family unit in Los Angeles with a 6.8% cap rate! 4 Units x 5 bedrooms + 5 bathrooms + attached garage (total 20 bedrooms!). Approximate Lot Size: 7,499 sq. ft. Year Built: 2024 The property will be delivered with a 5-year master lease with government-assisted transitional housing organization. Located…
Catherine Chan, Chief Development Officer of Hotel101 Global Pte. Ltd., and Jane Wang, Director of Sales & Strategic Partnerships APAC, along with Donald Klip, Co-founder of Global Mortgage Group, provided valuable insights in this webinar, which highlights the exciting investment opportunities available through Hotel101. The session explored why investing in a hotel unit with Hotel101…
Global Mortgage Group Pte. Ltd. is the world's leading international mortgage specialist. Based in Singapore with offices and partnerships across the globe, we connect our international clients to our network of lenders around the world. GMG offers financing solutions in the United States, United Kingdom, France, Canada, Australia and Singapore.