Mortgage rates rise after 6-week slide – Robert Khodadadian

, Mortgage rates rise after 6-week slide – Robert Khodadadian, Robert Khodadadian

Mortgage rates notched their first weekly increase in six weeks just before the new year. The average rate for a 30-year fixed-rate loan climbed to 6.42 percent from 6.27 percent, according to Freddie Mac data reported by Bloomberg. The figure closes out a year over which mortgage rates more than doubled, pricing out potential homebuyers and locking sellers in place. Hiigher mortgage rates “remain a significant barrier to successfully closing transactions,” George Ratiu, head of

 Mortgage rates notched their first weekly increase in six weeks just before the new year. The average rate for a 30-year fixed-rate loan climbed to 6.42 percent from 6.27 percent, according to Freddie Mac data reported by Bloomberg. The figure closes out a year over which mortgage rates more than doubled, pricing out potential homebuyers and locking sellers in place. Hiigher mortgage rates “remain a significant barrier to successfully closing transactions,” George Ratiu, head of
The post Mortgage rates rise after 6-week slide appeared first on New York.  Home Page, Residential Real Estate, Mortgage Rates The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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