(MA) 617-297-8641 (RI) 401-641-5774

Contact@MandrellCo.com

 Freddie Mac (OTCQB: FMCC) last week released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates reaching new 2015 highs heading into the holiday weekend and ahead of the June jobs report.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.6 point for the week ending July 2, 2015, up from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.12 percent.
     
  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from last week when it averaged 3.21 percent. A year ago at this time, the 15-year FRM averaged 3.22 percent. 
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.99 percent this week with an average 0.4 point, up from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 2.98 percent.
     
  • 1-year Treasury-indexed ARM averaged 2.52 percent this week with an average 0.3 point, up from last week when it averaged 2.50 percent. At this time last year, the 1-year ARM averaged 2.38 percent. 

 

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The Mandrell Company is pleased to announce that we’ve just expanded our real estate sales and rental business into the state of Rhode Island!  We have two designated agents for the state and they are ready to serve your real estate needs. If you, or anyone you know is looking to buy, sell or rent in Rhode Island, we’d certainly appreciate the connection.

You can continue to reach us by email at Contact@MandrellCo.com or call our local RI office at 401-641-5774.

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Thinking about making a rental investment property purchase? Investing in real estate can be very exciting but also very nerve wrecking. Most investors act too quickly or not quickly enough on a potential purchase leaving themselves in a bad situation or without ever securing a deal. Before you submit an offer on the property ask yourself the following questions.

Is this property right for me and my investment needs? What are my short and long term investing goals?

Is this the right property for my risk tolerance? Do I have cash in the bank if things don’t go exactly as planned?

What is the structure of this property? What is the tenant makeup of the building? Will I manage myself or should I hire out?

What are the conditions of the properties big ticket items? Roof – Windows – Heating – Foundation – Plumbing – Electrical?

What are the buildings expenses to operate? What income does the building produce? Whats the return on my investment?

Your answers to these question will provide you with a good feel for the property, your financial situation and hopefully give you a very quick yes or no as to your decision to move forward. It’s also a good ideas to visit each potential purchase with your real estate agent as well as your handy man. These two team members should be best equip to help you make a sound investment decision.

Looking for more tips on investing in rental property? Join Boston Wealth Builders by visiting http://www.BostonWealthBuilders.com. Membership is completely free!

 

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You hear people talk about flipping homes with no money out of pocket, but how exactly are they doing it? This FREE seminar is going to show you how to use private funds to buy, fix and sell property for a profit! The event topics will include:

· Private money – What it is, and why you need it to fund your deals

· How to find and sell yourself to private money lenders

· How to structure deals and make your private lenders feel comfortable

· Evaluating potential rehabs and crunching the numbers

· What to watch out for and trouble areas to avoid

This 1.5 hour seminar will be presented by Andrew Schena of Capital Equity Partners. Capital Equity has purchased and sold 10 of millions in Boston real estate since 2009 when established. https://www.facebook.com/CapitalEquityPartners

Saturday, September 19, 2015 – to Boston Marriott Quincy – 1000 Marriot Dr, Quincy, MA

Join Boston Wealth Builders and RSVP to the event! Membership is FREE  – www.BostonWealthBuilders.com

This educational seminar will take place on the same day and in the same location as the MA RE Investor Trade Show. Seating is limited, so please RSVP to save your spot. Only members of the group will be allowed to RSVP.    www.BostonWealthBuilders.com

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