Lenders Keeping Mortgage Rates From Going Lower?March 9, 2020Mortgage rates dropped to an all-time low last week as the benchmark 10-year U.S. Treasury note, which tends to influence the
Welcome The Summer And Welcome Higher Interest Rates
Dated: June 20 2018
Views: 622
SUMMER IS HERE AND SO ARE HIGHER INTEREST RATES
5% interest rates were unthinkable a year ago and yet here we are today! What does this mean for buyers in today's market?
It averages out to $140 more per month for a home of $350,000 with 5% down. For most buyers, this jump in interest rate can mean the difference between a $350,000 home or a $325,000 home. But don't be scared just yet. There are possibly 2 more rate hikes this year. Can we see 6% interest rates this year? If you have a lower credit score, you might just get a 6% today. These rates are back to 2009 levels.
SO THE HEAT IS ON!!!!! YES I highly suggest you think about buying a property soon. Buying a property is always better than renting. Even with higher interest rates, you will most likely pay less on a mortgage than renting.
So if you are just curious on finding out what you would qualify for or are seriously thinking on buying a home this summer just ask! It's free to get pre-approved and there is no obligation.
There are still plenty of homes available. And keep your options opened. There are lots of great areas with really nice homes.
Click here for all the results
Latest Blog Posts
Get ready First Time Home Buyers! - This year is your year to buy a home and STOP renting. There is still a month or so before this program is ready to roll out but right now, for those wanting
1281 NW 184th Ter,Pembroke Pines, FL 330295 beds 3 baths 2,708 sqftFOR RENT$3,500 5 bedroom 3 bath pool home one of the best areas of Pembroke Pines. Chapel Trail - Grade A schools -
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to indentify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
