MORTGAGE RATES BLOWING UP!

It is a good thing that mortgage rates are going up.

If mortgage rates remained low any longer, the US housing market could forever be inflated to the point where housing would never be affordable.

This is the pivotal time to start preparing as real estate values will begin to decline and deals are on the horizon. If you buy a house at a discount in the next 12-18 months with a higher mortgage rates, a refinance could be an option several years down the road when the market cycles through.

Highest mortgage rates since 2008 - https://www.floridarealtors.org/news-media/news-articles/2022/09/highest-mortgage-rates-2008-589?utm_campaign=9-09-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email

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Disclosure: Steve Daria is a real estate broker and investor. He is NOT an attorney, accountant or financial planner or any other type of licensed professional. Always seek out the appropriate professionals in your area for the advice needed regarding taxes, law, construction and finance. Florida Real Estate Broker Lic# BK3030453.

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