Florida Mortgage : Learning Center

My dad will turn another year older tomorrow and I am again reminded of his thoughts on the mortgage slowdown and interest rates.  Although Florida fixed mortgage rates are still low; we are soon facing the Fed reactions regarding inflation fears and may continue to slowly increase.

Once the financial mortgage markets have gained confidence, and that should be easier as the Feds aren’t going to let large banks go under; they will have to worry about building inflationary issues.  Yes the Feds may lower again at month’s end but expectations are this will be the last time in the near future. 

But don’t fear so much when fixed mortgage rates increase.  Dad always cheers me up when interest rates are inching upwards with this thought.   As long as Florida’s fixed mortgage rates are not in digit range; then rates are low.   I guess fixed mortgage interest rates back in the 80’s weren’t so exciting at 12%.

Thoughts on the brighter side of life from my Dad.  Happy Birthday Dad!

Stephen

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