Interest rates are slowly inching up!!! How could this be happening when the economy seems so bad? Well, it seems like the economy is recovering in a very slow way. More businesses are hiring, more small business owners are getting loans, more real estate starts are showing up and all this stirs the pot.
Last month interest rates were hovering at 4% and some a little below. Today interest rates are 4.67% You see the trend?
How does this affect you? If you were thinking of buying but waiting for interest rates to go down further….DON’T…Now is the time to buy. For instance 200k dollar mortgage at 5.5% has a monthly payment of $1212 A 200k dollar mortgage at 4.25% has a monthly payment of $1041. BIG DIFFERENCE!!
Parts of the overall real estate market are really heating up…for instance high end condos and houses are showing lots of activity. SO as I say, everytime I write this blog….look at the properties on my site…call for an appointment, today…and let’s find the perfect home for you at prices and financing that you can easily afford.
Now, on a different note….I want to mention the anniversary of the death of JOHN LENNON, who was killed 30 years ago, today. He will always be remembered as a BEATLE but he was a man of peace as well as the writer of gorgeous music.
He is even more relevant today, than he was then. We hunger for peace. America needs more men like him to take on causes promoting world peace, working to wipe out global hunger, fighting injustices everywhere. ALL WE NEED IS LOVE!!
On this same note, I see that the Governor of Florida, Charlie Crist was able to get a pardon for Jim Morrison. Sometimes, a wrong can be righted but it is too bad that Morrison isn’t alive, today not only to see how times have changed but to see that he has been exonerated.
If you have been thinking about the world, our country, or even Aventura…let me hear from you and I will post your remarks on this site.