MORTGAGE INTEREST RATES

Provided you are following mortgage interest rates, they always dictate what your monthly mortgage payment will be and always wondering if and when the will stabilize. There is no honest answer, so much dictates this unfortunate solution and a game changer to rethink your stragtey. The federal reserve, stock market, world economy and politics plays a vital part in this answer. Historically the mortgage interest rates goes through an 16-20 year cycle of a major change for the 30 year mortgage interest rate and the 10 year treasury yield. The average spread is 2.82, you may ask what is pushing the spread beyond it's typical average? The answer is due to the uncertainty in many financial markets due to inflation and other economic drivers above as mentioned that influences major financial decision's. It's reasonable to assume that the spread and mortgage interest rates will retreat in the second half of 2023 provided the fed leave mortgage interest rates alone. Click link to learn more about rising interest rates /RISING-INTEREST-RATES---32819---32836---Dr-Phillips-6-23561.html

If you are a veteran, your mortgage interest rate should be lower than the national level.

HOUSING MARKET 

The housing market has cooled off since the fed's put their foot down June 2022, even though we have many eager home buyer's and investors, expect mortgage interest rates to remain elevated with economic uncertainty, inflation and federal government decisions. Click link to learn more about cooling housing market /COOLING-HOUSING-MARKET---32819---32836---Dr-Phillips-6-23640.html

Experts seen mortgage interest rates peaked last fall and will decline to a degree later 2023 not knowing what to expect and stabilize. The new norm is in the mix and my personal opinion 6% maybe the new threshold on mortgage interest rates. By then be prepared save your money to buy your interest rate down. Whether you are a first time buyer or current home owner moving into a home that now fits your current needs keep in touch with your trusted advisor to see what maybe coming in the upcoming months. 

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired veteran I am here to serve you and on the pulse of the Dr Phillips and Central Florida housing market. 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 whether it's a housing crisis or local housing market, 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.

Part of my job is to keep you educated of the local market and trends, information on the buying and selling process to include real estate common terms and videos. Don't get confused by the news, they talk about national level data, and I can provide most current up to date local data.

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. When you are getting help with a home, look for your realtor with the heart of a teacher. 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.