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HLC Equity Expands Footprint with Acquisition of 192-Unit Multifamily Community in North Dallas

DALLAS, TX - HLC Equity, a national real estate investment holding group and property manager, announced the purchase of Toscana Apartments, a 192-unit, Class-B, multifamily community located in Carrollton, Texas, which is part of the greater Dallas MSA. According to HLC Equity, Toscana is strategically positioned in an infill location within the Northern Dallas submarket with convenient access to Dallas North Tollway, and President George Bush Turnpike connecting to all major thoroughfares in Dallas metro. It is situated within the Plano Independent School District, one of the top school districts in Northern Dallas. Additionally, the surrounding area is well supported by several core emplo

Mortgage Rates Drop to Lowest Rate since Mid-January According to Bankrate.com National Survey

NEW YORK, NY - Mortgage rates fell to the lowest levels in nearly three months, with the benchmark 30-year fixed mortgage rate now 4.24 percent, according to Bankrate.com's weekly national survey. The 30-year fixed mortgage has an average of 0.26 discount and origination points. The larger jumbo 30-year fixed also dropped, to 4.19 percent, while the average 15-year fixed mortgage rate inched lower, to 3.48 percent. Adjustable mortgage rates pulled back as well, with the 7-year ARM retreating to 3.63 percent and the 10-year ARM sliding to 3.82 percent. Mortgage rates moved lower this week in response to some disappointing economic reports, choppiness on Wall Street, and the release of the Fed

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