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Truly a fascinating article I read today about rates on Mortgages going up and being the highest since 2011. You definitely have to check it out. 

Some of you may be thinking “well what does all this mean” and well for buyers and sellers it’s not necessarily a good thing. Of course as a buyer that means your mortgage will go up. I guess the day of the 3.75% rates are long gone and with it the sellers will suffer because now they have lost a good chunk of people who would have purchased there home and now won’t. 

The sellers have to be cautious, that although it is a seller’s market because of the lack of inventory, they will now have to ball with the hedge funds and the like. Now it’s not the end of the world but it definitely something to think about and cautious with. 

As always, if you have any questions, comments or concerns you can email me Eduardo (Eddie) Acevedo of Superior Real Estate Team of Re/Max in Hollywood at acevedoremax@gmail.com or call/text me at (954) 610-9112.

 

God bless. 

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=1&id=295997