03/16/2023
CONVENTIONAL LOAN RESIDENTIAL REAL ESTATE BUYERS ARE BACK! 🎉
🚨Mortgage rates are now almost 50 basis points lower than they were a week ago. 🚨
As a broker, I have witnessed firsthand a surge in conventional loan buyers over the last two weeks. After a long heartbreaking road where conventional loan buyers were beat out time and time again by the all cash buyer due to economic conditions, it’s been very refreshing and heartwarming to see that there is finally opportunity for movement and investment opportunities for the hardworking American without the stress of having to overpay for a piece of real estate and without having to deplete their cash nest eggs.
It’s been heartbreaking for me watch my hardworking native and local clients feel financially trapped and stressed in their own hometown. These people are the heart and soul of South Florida that bring the identity and “sabor” to this city. We need to preserve and keep them here.
Sunny skies ahead for my fellow Miamians and South Floridians. ☀️ 😎 🏝️
This is GREAT news 🥰
Nervous investors have flocked to Treasury notes, pushing yields down and bringing mortgage rates with them.