5 at 5: Your Daily Digest for Real Estate Investing, 12/3/2020
Mortgage rates push through the bottom, Manhattan office space for the taking, CMBS prognosis for CRE in 2021, the FHFA extends moratoriums, and three stocks to consider today as safe-enough havens. Freddie Mac (OTCMKTS: FMCC) reported today that the average rate for a 30-year fixed-rate mortgage has fallen to 2.71% -- another new low in the loan backer's 50 years of tracking. Why it matters: Low rates are the fuel that feeds the housing market's fire, but Freddie Mac also observed today that low supply and escalating prices "has effectively put a limit on how much higher sales can increase."
