Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate!

Interest rates hovered around 4% for the majority of 2017, which gave many buyers relief from rising home prices and helped with affordability. In the first quarter of 2018, rates have increased from 3.95% up to 4.45% and experts predict that rates will increase even more by the end of the year.

The rate you secure greatly impacts your monthly mortgage payment and the amount you will ultimately pay for your home. Don’t let the prediction that rates will increase stop you from purchasing your dream home this year.

Let’s take a look at a historical view of interest rates over the last 45 years.

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Be Thankful You Don’t Have to Pay Your Parents’ Interest Rate! | Simplifying The Market

Bottom Line

Be thankful that you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

If you have more questions about successfully buying or selling your home in today’s market, give us a call at 305-793-8965.

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If you are thinking of selling your Miami home, don’t underestimate the role that a real estate professional can play in the process. Call us today and let’s go over the market data to determine is now the time to sell your home:  305-793-8965

If you are thinking about selling your home, we would love to help you click here to learn about our market program.


Miami Real Estate Neighborhood Updates

Ok, let’s get right into all the latest listings, price reductions, and solds from some of the popular neighborhoods of Miami and Miami Beach.

We are in the process of revamping our weekly updates and will add more neighborhoods bit by bit. Enjoy!

Biscayne Park Real Estate info

Coconut Grove Real Estate info

Coral Gables Real Estate info

Miami Beach Real Estate info

Miami Shores Real Estate info

North Bay Village Real Estate

Pinecrest Real Estate


 

If you own a home or condo in Miami or Miami Beach and you’re considering selling, GIVE US A CALL.  Our market is very competitive and to sell in today’s market, you need an experienced agent to help you sell faster and get top dollar. We would love to show you our savvy marketing and digital plan that allows properties to sell faster.

If you’re a buyer, let us know EXACTLY what you’re looking for, and I can set you up in our VIP MLS registry. This data is way more accurate than what you will find online on your on own, and you will be notified of properties as soon as they hit the market.

Miami real estate is like every other in regards to today’s market condition it’s all about market supply/demand, condition, location, and price. If you have any questions about buying or selling in today’s market, give us a ring, and one of us can go over what you can expect today:  305-793-8965

 

image by unsplash @canva
some blog post details from our friends at KCM

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About Jamey Prezzi

Jamey Prezzi serves the residential real estate market from the South of Miami to parts of Broward and all neighborhoods in between. She works in collaboration with her husband, Ognjen Prezzi at ONE Sotheby's International Realty. Recognized as Top Producers over the last 13 years, they are committed to their customers as well as their local real estate community. Jamey is originally from South Carolina and Virginia. She resides in Miami Beach with Ognjen and their son.

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