June 29, 2023
When mortgage rates drop there will be a major surge in the residential real estate market. Now is a great time to buy with less competition and lower prices. You can always refinance later!
My Insights, Market Updates, Business News, Community Events
February 9, 2023
Miami’s housing prices are supposed to stay strong and actually increase by a projected 0.8% this year. As one of only two areas in the nation that is expected to have an increase – ever other market is expected to see a decline!
July 20, 2022
Overall, while I wish mortgage rates were lower, I do not think that the increase – which supposedly will hover around where it is now – will stop our busy real estate market, at least not in South Florida.
November 3, 2021
Mortgage rates are expected to rise to 4% in 2022, according to CNBC.com. Rates have been historically low so buyers have been spoiled, but 4% for a 30-year fixed mortgage is still a great interest rate.
June 2, 2021
Mortgage rates have been favorable for a while now – they even reached historic lows for 30 year fixed mortgages in 2020. While 30 year fixed […]
April 14, 2021
Lenders issued $1.06 trillion worth of mortgages in the fourth quarter of 2020 – up 6% from the previous quarter and up 55% from a year […]
March 17, 2021
It is well known that the Miami real estate market is on fire, with people moving to South Florida in droves during this unprecedented time. I […]
October 5, 2020
During its September meeting, the Federal Open Market Committee (FOMC) voted to keep interest rates between 0% – 0.25%, and all indications point to those rates […]
April 15, 2020
What’s going on in the mortgage world these days? I recently spoke with Todd Roderiquez of Blue Harbor Lending in Miami, FL. With all that is […]
