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 [...]

There are many home buyers that feel they are in a squeeze play right about now.  The previous tax credit had t0 deadlines associated with it that allowed Miami First Time Home Buyers to realize the $8000 Tax Credit. Go under contract on a home by April 30, 2010 Close on that home purchase by June 30, [...]

LOW MIAMI MORTGAGE RATE UPDATE: Okay, nothing is more fun for me than being right, but ironically, nothing is more fun for Miamism readers as when I am wrong.  I am glad we can laugh about that together! How do you capitalize on my “egg in the face”?  Well, stick it to the bank – get [...]

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 [...]