In today's news
The average rate for a 30-year mortgage dipped below the 3% threshold on Thursday as the stock market tanked and bonds gained luster. Fueling this? Visions of a virus unchecked.
As pandemic pressures continue to take a toll on brick-and-mortar retail, the nation's largest mall operator has bailed out on its plans to buy another major player. But the takeover target is not taking it well.
It's not just coronavirus cases that are on the rise. Purchase activity as measured by mortgage application volume is gaining steam, as the Mortgage Bankers Association reports numbers higher than last week and even last year.
REIT Now on Millionacres:
Here's the lowdown on three real estate investment trusts (REITs) that could spell trouble for investors who ignore the threat of decaying cash flow from these REITs' distressed holdings.
Read up on why a longtime laggard in the REIT space might be poised for a turnaround that could last for several years, especially if it doesn't let good opportunities during bad times go to waste.
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