The Owl Report - November 6th, 2023


The Owl Report - November 6th, 2023

By Milo

November 6, 2023 3 min read

Are interest rates finally declining?

In light of the recent modest decline in mortgage rates, I want to provide my perspective on what this means for us going forward. This week’s decrease is linked to short-term debt focus by the Treasury, providing temporary relief in mortgage rates. It's crucial to view this as a temporary adjustment rather than a sign of a lasting trend. For those finalizing mortgage deals, now could be an opportune moment to secure your rate. Yet, for potential homebuyers, the market's direction is still uncertain, and rates could fluctuate.

For those exploring home purchases, new construction may offer significant value. Builders' incentives, such as closing cost assistance and rate buydowns, are making new homes financially more appealing compared to the competitive existing home market. While we take note of the current rate dip, true affordability will hinge on a steady, major decline in rates. My advice is to focus on such incentives from builders, which can offer substantial and immediate advantages in your real estate investments.

Quick news insights

  • From 8% to Under 7.5%, Mortgage Rates Had a Near-Record Week, Mortgage News Daily

  • How real estate brokerage ruling could impact home buyers and sellers, MoneyWatch CBS News

  • A record share of home sellers drop prices as high rates cut into buyers’ budgets, Redfin

  • The iShares U.S. Home Construction ETF just had its best week since May 2020, MarketWatch

Drak Blue Professional Corporate Email Header (600 x 400 px) (300 x 200 px) (2).png

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

You might also like...

Foreign Nationals

Best places to invest in real estate in the US: South

By Milo

December 8, 2023 10 min read


A guide to mortgages for foreigners in the USA: Choosing the right loan program

By Milo

December 4, 2023 5 min read

Bridge Mortgage

The potential advantages of bridge loans for foreign investors

By Milo

November 27, 2023 7 min read

1-888-433-6456 (MILO)

545 NW 26th Street, Suite 200
Miami, FL 33127


Copyright 2023. All rights reserved.


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Milo Credit, LLC is a direct lender and licensed under NMLS #1811449.
Loans made or arranged pursuant to a California Finance Lenders Law License 60DBO-128284. Not available in all states. Equal Housing Lender. NMLS Consumer Access

EQUAL CREDIT OPPORTUNITY ACT NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers Milo Credit’s compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.