If you have been keeping up with real estate news, you probably have found out that mortgage rates are going up not just in Florida but across the country. This trend is expected to continue in the next few years. What does this mean to new home buyers? Well, for those who are planning to buy a new home, this could be the time to find the best home purchase deals. Please note, however, that while the interest rates are relatively low, they could go significantly higher in the next few years.
If you are one of those who are planning to buy a new house in Florida, work on it today before mortgage rates go up. HomePlus can help you in mortgage goal. We provide competitive mortgage rates not just for clients in Florida, but across different states. Our access to a wide network of lenders provides a key to getting the best deals in town. So, seize the opportunity while it lasts.
If you can recall, mortgage rates went as high as 6.4% in 2007. Today, the interest rates are between 3.52% and 4.38% across various loan types. Think of how interest rates could change in just a short span of time based on these changes. Today, indicators suggest that now is the best time to buy wherein mortgage rates are relatively low. Do it before interest rates become too high that you can no longer afford it.
Here at HomePlus, with the goal of helping you make the right decision, we are giving you some useful information about things that affect mortgage rates. In particular, we provide insights regarding the two factors that influence buying decision: Interest rates and the timing.
Apart from interest rates, the season also dictates property deals. Well, the reason is pretty simple – supply and demand. So, watch out for the best season of a year prior to purchase, and here are useful some insights:
Have more questions about getting the best deal on mortgage? Contact HomePlus today at: 800-810-PLUS (7587)