AVERAGE MORTGAGE PAYMENT
Nationally, average mortgage payment is at an all time high of 2560 per month from 1980 per month one year ago today March 11, 2023. This can hurt both ways as a buyer and seller. The seller may not want to list their home due to limited pool of buyers due to rising mortgage interest rates. Lower mortgage interest rates will bring more buyers and seller's to the table. The goal of the federal government is to tame inflation and balance the housing market prices. All eyes and many economist are watching the mortgage interest rates and the monthly decision being made by the federal government. Depending on price of home, taxes, homeowners association, insurance and if applicable mortgage insurance premium. To learn more about mortgage insurance premium click link /FHA-MORTGAGE-INSURANCE-PREMIUM---32819---32836---Dr-Phillips-6-24815.html
Home affordability is well needed across this nation to bring back a balanced housing market. High mortgage interest rates and high prices on homes brings an unbalanced housing market. Spending power has declined because it cost more to borrow money. There are many home buyers searching for alternative financing. There is talk of 40 year FHA financing. The current homeowners with the low interest rates are moved to keep the home for a long time. Home affordability works for many first time buyers that desire to purchase a home. It's necessary to understand requirements of a lender, click link to understand more about mortgage lenders /MORTGAGE-LENDERS---32819---32836---Orlando-Florida-6-20247.html
Lean on your trusted advisor to guide you through this process.
As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market in the Dr Phillips and the Central Florida area.
Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. In the absence of trustworthy up to date information, real estate decisions are increasingly driven by fear uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. I emphasize that education is a must for the community to ensure you are making the right decision. So don't let this shifting housing market delay your dreams, data reveals home values typically appreciate over time and that gives your net worth a nice boost. If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.