I know, I know – you have heard it, so have I.  In fact it seems that I – along with seekers of Miami homes for sale - am becoming almost immune to the statement, “Historically Low Rates”.  This may be the current financial version of The Boy Who Cried Wolf.

Well, if you remember the story – the boy eventually DID encounter the wolf but no one listened… our parallel continues because low Miami home loan rates are lower than they have been since the early 1970s and it is having a modest blip on the radar of home buyers entering the market.  Those that followthe croud will certainly miss out, but those that are prudent will take advantage of this anomly of market conditions are surely benefit for the next 30 years.

Freddie Mac – the ONLY place where you can get reliable rate information online, quoted last week that rates could be found below 4.70% with .7 in points.  TRANSLATION: Miami home for sale are more affordable than most people in the market have ever experienced.  Ever.  When you combine the fact that real estate prices are back to where they were close to 10 years ago, and rates are close to where they were  40 years ago, market conditions demand action.

Don’t take my word for it – check out Freddie Mac for yourself regarding the rates, and check with your Miami Realtor to get the scoop on where prices are relative to recent history.

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