Victor Kuznetsov is a founder and lead investor of Imperial Fund with over 15 years of financial and asset management experience. Mr. Kuznetsov is responsible for the Fund’s day-to-day supervisory activities, credit strategy, relationship with main counterparties and investment portfolio. Previously Mr. Kuznetsov was the asset manager for a private equity firm in the gold mining industry for 8 years and has substantial experience in managing corporate assets, financial investments and real estate management.
The marketplace has a large appetite to acquire risk-adjusted rental product. Investors see tailwinds leading to a revitalization of SFR capital markets by yearend.
The average 30-year fixed-rate mortgage was 6.62% for the week ending Jan. 4, according to Freddie Mac's latest Primary Mortgage Market Survey. However, many perspective homebuyers said they need rates to fall before buying a house.
We believe the Fed has raised rates too high, too quickly, without taking the appropriate time to observe the effects that such drastic changes will have on our economy.
"The Federal Reserve should consider shifting to interest rate reductions, which would be a great boon for fixed income issuers." - Asset Securitization Report
"We are anticipating a declining interest rate environment throughout 2024, with rates traders pricing in a 0.25% cut to the target rate by the end of Q1 and a further 0.25% to 0.5% cuts in Q2, which should help ease some of the rate volatility we experienced last year," Imperial Fund Managing Director Victor Kuznetsov said. "That said, originations will continue to be a challenge as mortgage rates will likely settle between 5% and 6%, which isn't materially less than where they are today and does not significantly alter the current housing fundamentals picture. Home prices do not appear ready to come down meaningfully and we expect starts and apps to remain fairly steady through the year." Fox Business