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.
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.
Our Facebook Page has over 2000 followers, and we publish there several times per day. Click here if you would want to like the page
Maybe Instagram is more your style? Click here for our Instagram page
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!
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