Rocketing charges roil actual property | Lengthy Island Enterprise Information

Click here to view the original article

The social gathering’s over.

After having fun with a couple of years of traditionally low rates of interest that fueled a increase in actual property investments, these working within the residential and industrial sectors are coping with a brand new actuality, as the best charges in additional than a decade start to sluggish gross sales, affect trades and shave yields.

On the residential facet, mortgage charges have now eclipsed 5.4 % for a 30-year fixed-rate mortgage and…

View full article