Tags: Danger | Sign: | Mortgage | Rates | Rising

Danger Sign: Mortgage Rates Rising

Friday, 18 March 2005 12:00 AM

1. Danger Sign: Mortgage Rates Rising
2. Tips for Real Estate Investing
3. REITs Still Offer Safe Haven, Decent Returns
4. Experts Wary Of Chinese GDP Estimates
5. Forbes: Rate Hike Won't Curb Inflation

1. Danger Sign: Mortgage Rates Rising
2. Tips for Real Estate Investing
3. REITs Still Offer Safe Haven, Decent Returns
4. Experts Wary Of Chinese GDP Estimates
5. Forbes: Rate Hike Won't Curb Inflation

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1. Danger Sign: Mortgage Rates Rising

The latest data out Friday shows that rates on 30-year mortgages climbed this week to their highest level in seven months, a trend that analysts say will slow the booming housing market.
 
Mortgage giant Freddie Mac, in its weekly survey of mortgage rates around the country, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 5.95 percent for the week ending March 17.

This was up from 5.85 percent last week and was the highest since the week ending Aug. 5, when rates averaged 5.99 percent.

Next week the Federal Reserve could raise interest rates again -- another ominous sign for the housing market.

2. Tips for Real Estate Investing
 
It is obvious that many people are making big money by investing in real estate.

We have seen the median existing home price up 10.5% this year, with homes appreciating about 8% over each of the last three years. Some boom areas have had housing prices increase 100% or more in the past three years.
 
But can such solid growth continue?

While real estate will probably continue to be a wise investment, you should probably exercise caution before you make a move. Here are some quick facts you need to know:

Now for some tips:

3. REITs Still Offer Safe Haven, Decent Returns

With a continued rise in interest rates and a persistent stock market, the unreal 30%-plus returns that have recently come from real-estate investment trusts (REITs) are starting to wane. But despite a rather bearish outlook on the sector, REITs could still provide some profitable buys that perform well.
 
After the burst of the Dot-Com bubble, the success of REITs served to heal many investors' wounds.

4. Experts Wary Of Chinese GDP Estimates 
 
Can you believe the financial data about China's booming economy?

Hardly, say some experts.

Improving economic data – GDP growth, for instance -- has become such an obsession in China, many believe the numbers are being fudged.

Many regions have aspired to economic progress with almost religious fervor, and local officials have garnered recognition and promotions for reporting top GDP growth rates.
 
The result? According to The Los Angeles Times, for decades, many provinces, counties and cities have submitted fraudulent and inflated statistics. This is in stark contrast to the United States, where little or no attention is paid to local economic growth numbers.
 
In 2004, China posted a growth rate of 9.5% (two to three times that of most developed nations), while just about all of the country's major regions reported even higher GDP increases.

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1. Danger Sign: Mortgage Rates Rising 2. Tips for Real Estate Investing 3. REITs Still Offer Safe Haven, Decent Returns 4. Experts Wary Of Chinese GDP Estimates 5. Forbes: Rate Hike Won't Curb Inflation 1. Danger Sign: Mortgage Rates Rising 2. Tips for Real...
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2005-00-18
Friday, 18 March 2005 12:00 AM
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