Rent or Buy? Mortgage Rate Rebound a Bit to 5.85%

Rent or Buy? Mortgage Rate Rebound a Bit to 5.85%

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Maxwell Ryan
Sep 14, 2004
Still buy. While rumor has it that the New York housing bubble is about to burst, in which case DON'T BUY YET, who the hell knows? Handicapping New York real estate is like betting on where Ivan will make his next landfall. Meanwhile, mortgage rates rose slightly because of a mildly upbeat unemployment report for August (unemployment down). REAL ESTATE LINKS - 1 Cottage + 1 Cottage = 1 Home (NYTimes) - Post Review: Thumbs Up to Home Depot (NYPost) - Real estate agents, home sellers using feng shui to lure buyers (Newsday via Curbed) - Soho gets lost in flood, again (Downtown Express via Curbed) - The Leaning Tower of Grand Street (Curbed) - Downtown Prices Keep Going Up, Up, Up (NYPost) - Sureal Estate: $1.3 Million for a Studio (NYDailyNews) - Rate Hike Expected from Fed as US Regains Traction (Realtor)
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