Rent of Buy? Mortgage Rates Fall to 5.75%

Rent of Buy? Mortgage Rates Fall to 5.75%

4869fde91c29cc6f3cf9d7f4f31c7a27ab180469?w=240&h=240&fit=crop
Maxwell Ryan
Oct 19, 2004
Rent. With a weak job report depressing rates, they dropped again, after a brief rise, down to 5.75%. Again, this is good news for any home buyers that haven't already mortagaged themselves to the hilt in NY's hottest real estate market in this century. If you have a lot of cash still sitting around, go ahead and buy, but we stand firm by our notion that this is generally an AWFUL time to buy and no time to get a good deal - except from the bank. Watch the presidential elections. Watch the Yankees. Then we'll know how soon until apartment prices will drop...and save your money in the meantime. (via Bankrate) MGR REAL ESTATE LINKS - The Hotel on Rivington Strikes Back! (HotelChatter) - Upper East Soho - downtown moves north (NYMag) - Mortagage Matter blog - Walentas denied in DUMBO by letter writing campaign (Brownstoner) - Trumpfucking: TOTC sneaks into a Trumpfest (TOTC) - At Home on Wall Street: a new residential neighborhood? (Newsday) - Trump calls Harlen the "next great buy" (NYPost) - Actual guests photographed at The Hotel on Rivington! (Curbed) - How to Get Rich Slowly: investing in rental properties looks better (NYPost)
Created with Sketch.