Long has been the time that it has appeared interest rates would be rising, and I gotta tell you, the longer they are this low – the longer I am surprised.  What is most interesting is that it does not seem to be due to one single cause, but a chain of events, that when all [...]

As we have discussed in previous posts, the FED meets about 8 times per year of which the most recent was last week.  The market fully expected rates to remain unchanged, and with a vote of 9-1 - they did.  The Fed Funds Rate is currently in a target range of 0.00-0.25%.  Wouldn’t it be cool [...]

So, I was getting ready to post the Part II of III about the Future of Miami Mortgage Rates and two things came to mind. The only people that care about [What I alluded to in Part I] how the FED influences long-term mortgage rates are… well… fellow mortgage people and economics professors. With the [...]

Miami Mortgage Rates Part I Wow – maybe I bit off more than I can chew here.  Well, lets at least try to dig deep enough to be of value but not too deep that it bores you to tears.  That is one of the main quandaries of being a Miami loan officer – I [...]

When looking to buy Miami Beach homes for sale, getting a pre qualification letter has become more than just a good idea – it has become a necessity.  If we have learned anything from recent history, it is that good mortgage advice is, indeed, not around every corner. The point – make the most of [...]