Rising Interest Rates
As goes the economy, so go interest rates. Home interest rates are no exception. In fact, these are among the first financial indicators to gauge the economy’s condition.
From the economy’s lows back in 2009 until now, both interest rates and economic indicators have substantially improved. While this is welcomed news, as the economy continues to improve and new jobs are added to the marketplace, interest rates will also continue to creep up, keeping equal pace.
For example, just one year ago, interest rates were hovering around 3.25% to 3.75%. Today, these same rates are in the range of 4.25% to 4.75%, about 1% point higher. While even still these are historically low rates, economic improvement will continue to see an increase in interest rates as well.
1% could make a dramatic difference in your monthly payment.
Why Work with Mario Quintero?
Are you in the market to either purchase a property or refinance your existing mortgage? Are you confused about all the options available in the marketplace? Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the real estate mortgage business since 2002. Mario’s experience is tested and true. Mario has helped thousands of clients secure and improve competitive real estate mortgage interest rates .
Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let Mario be both your trusted Miami realtor and Miami mortgage broker.
Get in Touch with Mario
I’m Mario Quintero, your mortgage & realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.
Call me today at 305-598-1600 or contact me here.