LOWER MORTGAGE RATES

Lower mortgage rates means affordability with more home for the money and a bit easier to qualify  and starting to see the light is the bottom line. Remember you have options to buy your interest rate down as you shop. As mortgage rates rose last year 2022, the housing market cooled off dramatically. Homes stayed on the housing market much longer than expected with multiple offers and bidding wars became non existence. Buyers and sellers had to rethink the buying and selling process. Now many home buyers are not as keen and not reentering the housing market and caught in the rental trap. Click link to learn more about rental trap /RENTAL-TRAP---32819---32836---Dr-Phillips-6-23993.html

So you want to know many things when pursuing your dream of home ownership. More young  adults has demonstrated desire to take a journey to homeownership. More than half a million Millennials and Generation Z plan to apply for a mortgage this year. Click link to learn more about mortgage lenders /MORTGAGE-LENDERS---32819---32836---Orlando-Florida-6-20247.html

Keep in mind, in 2020 the average mortgage interest rate was 3.11% and bottomed out to 2.25% in January of 2021. This was all due to COVID-19 and policies were out of place from the federal reserve. You could not keep a home on the market in two days without multiple offers with people moving out of expensive cities and relocating to where cost of living was inexpensive and this includes investors paying cash to purchase homes. Historically going back to 1971 mortgage interest rates were just under 8%. 1981 was the worst year capped at 16.63% which equaled to a 200,000 home at this mortgage interest rate toppled 2800.00 mortgage payment a month. the extra monthly cost was 1300.00 per month totaled 15,900 per year. 2008 was labeled the meltdown year as mortgage interest rates were at 6.3%. 

Click link for my free ebook navigating the buying process https://kevinstrawter.book.live/buyer-book

SELL YOUR HOUSE

Now that rates are coming down and spring is in the air, this is the shift and sweet spot to put home up for sale to avoid the summer rush with competition on the horizon. Mortgage rates are at their lowest since September 2022, as mentioned spring is in the air, flowers blooming and better chance to cash in on a home purchase. These next several months you may see a shift in a buyers market with sellers having equity to close deals assisting and entertaining homebuyers offers with incentives. Many millennial and the generation Z have saved money and in the home buying housing market. Click on link /MILLENNIAL-HOME-BUYING-POWER---32819---32836---Dr-Phillips-6-23586.html

The Dr Phillips area is located minutes form Disney with many gated communities and waterfront lifestyle living homes. Click link to register for one free e-books my selling secrets https://kevinstrawter.book.live/biz-card-book

Find a trusted advisor and stick with them.

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area. Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.