Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

IMPACT OF RISING MORTGAGE RATES | 32819 | 32816 | Dr Phillips

NEXT
PREV

IMPACT OF RISING MORTGAGE RATES

These last several months the talk has been about the impact of rising mortgage rates. This can severely affect your monthly payment. As these interest rates rise this will impact  purchasing power by raising the cost of buying a home and limiting how much of a home you can comfortably afford. As you can see in the chart as the rate goes up the amount to borrow decreases and that may mean you have to look at homes for sale in a different price point. The interest rates are only going to get higher. The Fed's plan to raise the interest rates in November and December. Also depending on how that goes, they are even looking at next year to continue. My terminology is marry the home and date the rate.

What I mean is lock in home, interest rate and close the deal. Once the rates dip, refinance your loan to a lower rate. Remember it is going to get even more expensive with time. If you are renting, wait it out. Homeowner's that has equity can use net earnings as a cushion to absorb the price of new home to bring comfortable monthly payments.

INFLATION

Everywhere you turn around there is inflation in all areas that I don't even have to mention. This is an era we live in that one must be wise and careful in large purchases. Basically, it's true that it cost more to buy a home today than last year, however the same goes to renting  as well. Renting is just as high as a mortgage payment. This is why many renters are cleaning up credit and turning to buying a home. The difference is that in home ownership your chances are more than likely is you are going to gain equity over time which will help your net worth. This is not going away anytime soon. It easily took two years to get into this atrocity and will take at least three to six years hopefully to get back to pre-pandemic home prices and interest rates. So it makes sense to buy a home today

WHY SHOULD I BUY A HOME NOW

Either way you are going to pay more, so why not fire your landlord and use a trusted advisor and professional realtor stay connected to Kevin Strawter. Click here for my free e-book https://kevinstrawter.book.live/buyer-book 

Serving Dr Phillips and all Central Florida. Call 850 496-6412 for appointment today. Make sense?


  • IMPACT OF RISING MORTGAGE RATES | 32819 | 32816 | Dr Phillips
  • IMPACT OF RISING MORTGAGE RATES | 32819 | 32816 | Dr Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 3/19/23 8:18 PM) |
Featured Listings
Orlando Real Estate
$699,900
4 BED
2 BATH
Great 4-bedroom, 2-bathroom Pool home on 1 full acre private Tropical Oasis lot with no HOA in Dr Phillips. Home is fu... Read More
Orlando Real Estate
$550,000
3 BED
2 BATH
JUST LISTED!! Beautiful fully furnished 3/2 condo located at Vista Cay. Nice floor plan with dining and living room sepa... Read More
Orlando Real Estate
$835,000
4 BED
3 BATH
Beautiful house!! Immaculate and stunning pool home in the **EXCELLENT LOCATION** of Dr. Phillips sought-after Buena Vis... Read More
Orlando Real Estate
$949,900
5 BED
4.5 BATH
Stunning home, loaded with upgrades located behind the gates of Phillips Reserve. Enjoy unmatched convenience to Unive... Read More
Orlando Real Estate
$449,000
3 BED
2 BATH
This house has the full potential to become your Dream's Home! It needs repairs but LOCATION is a MUST, in the heart of... Read More
Orlando Real Estate
$375,000
3 BED
2 BATH
Brand-new roof will be installed before closing. Welcome home to this one-story home in the highly desirable community o... Read More
Orlando Real Estate
$1,298,000
3 BED
2.5 BATH
In the desirable Bay Hill neighborhood you will find this fully renovated gem that radiates luxury and sophistication at... Read More
Orlando Real Estate
$665,000
4 BED
3 BATH
Welcome home! Sitting on a spacious lot at the end of the cul-de-sac, this beautiful estate is filled with eye catching... Read More
Orlando Real Estate
$148,000
1 BED
1 BATH
Don't miss out on this incredible investment opportunity in Orlando! Located just off International Drive, this stunnin... Read More
Orlando Real Estate
$197,800
3 BED
1 BATH
Affordable living in Orlando! Block home with potential. Needs TLC. Nestled in Tangelo Park, just minutes from Internat... Read More
Contact Kevin Strawter

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
16797 Broadwater Avenue
Winter Garden, Florida 34787

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2023 drphillips.info - all rights reserved. | Site Map | IMPACT OF RISING MORTGAGE RATES | 32819 | 32816 | Dr Phillips