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Overseas Property News
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US mortgage rates still too high
Country: United States
23 December 2008
Americans are not reaping the full benefit of record low yields on Treasuries and government-supported mortgage bonds, according to the Mortgage Bankers Association.
Although association data shows that the median rate on a fixed 30-year mortgage has fallen to 5.18% from 6.47% in October, the historical relationship between home loans and mortgage bonds shows rates are still around 0.5% too expensive.
Close to US$6.7 trillion (£4.54 trillion) of home-mortgage bonds were outstanding on September 30, with around 70% of those mortgage bonds guaranteed by government-chartered Fannie Mae and Freddie Mac or federal agency Ginnie Mae, according to Federal Reserve data.
Over 100 mortgage companies have failed since the start of 2007.
Browse other USA property news stories, read articles about investing and buying property in USA or view our range of property in USA.
Some properties in United States
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Price: £8,515
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Type: House
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Bedrooms: 3
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HIGH YIELD INVESTMENT, Mortgage offered with a $13,625 Down payment, on this property, income producing investment property, Multi Family Home with two apartments fully let and income producing Full Purchase & Management Service
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Price: £8,515
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Type: House
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Bedrooms: 3
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HIGH YIELD INVESTMENT PROPERTY, Mortgage offered with a $13,625 Down payment, on this property, income producing investment property, Multi Family Home with two apartments fully let and income producing Full Purchase & Management Service PROVIDED
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View details | Enquire further
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Price: £9,419
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Type: House
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Bedrooms: 4
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This 4 Bedroom house features 3 covered garage spaces. Needs work but will rent for $800 per month upon completion of renovation.
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View details | Enquire further
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Price: £9,483
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Type: Apartment
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Bedrooms: 2
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More than double your money in just nine years with an investment Bond administered from the UK by an FSA regulated Trustee. 6, 8 & 10 year investment terms available. Averaged returns of 9% to 13% per annum over six to ten years
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Price: £10,967
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Type: House
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Bedrooms: 2
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Income from day one from this high yield Income producing investment property, 23% NETreturn after fixed running costs, fully let 2 bedroom house situated in Syracuse City, Full Purchase & Management Service provided priced 42% below assessed value.
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Price: £13,548
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Type: House
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Bedrooms: 4
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High yield Income producing investment property producing 44% annual return after fixed running costs * SEE COMMENTS IN THE DETAILS for sale at unbelievably low price, consisting of 2 fully let apartments, Purchase/Management Service,income from day
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Price: £15,741
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Type: House
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Bedrooms: 2
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This Property has long term tenants paying $500 per month.
It is Located in Rochester the Third Largest City in NY.
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Price: £15,805
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Type: Apartment
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Bedrooms: 3
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80% price drop & potential 16% net return makes this 3 bed/2 bath Condo with communal pool and easy access to Disneyland an ideal holiday home/investment property. Can be easily purchased & managed from any part of the world - contact us for details.
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Price: £17,385
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Type: House
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Bedrooms: 3
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Our fully refurbished & pre tenanted selection of quality homes are located in family friendly areas and are available with 50 % non status finance. We have the most competitive package in Detroit and offer a money back guarantee for peace of mind.
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Price: £17,419
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Type: House
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Bedrooms: 3
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26% Net annual return after fixed running costs $7,060 / £4,554 / €5,229 excellent condition throughout investment property consisting of TWO fully let apartments, excellent Location, Full Purchase & Management Service Provided, income from day one
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