02/23/2025
After a long social media hiatus due to juggling many roles such as—Closing a lease deal as a commercial agent for a large property, property manager for our rental investments, managing member for a commercial plumbing business with my husband, and balancing being a mother and grandmother etc, etc—I decided to take a short break from some recent job tasks and events.
Now, I find myself being pulled back into the market because my passion for real estate (and yours) is stronger than ever. Let's dive in shall we?
I've seen mortgage interest rates fluctuate quite a bit over the years, and 8% has been a significant threshold during several periods in history.
Late 1970s to Early 1980s: Mortgage rates soared during this time, peaking over 18% in 1981 due to high inflation. Rates in the late 1970s were already around 8-9%.
Early 1990s: After the inflationary pressures of the previous decades, rates stabilized around 8% as the economy recovered from the early 1990s recession.
Mid-2000s: Leading up to the 2008 financial crisis, mortgage rates ranged from 6-8%, hitting 8% during the housing bubble.
Post-2008 Recession: After the 2008 crash, rates stayed low as the Federal Reserve worked to stimulate the economy, remaining below 5% for much of this period.
The most recent return to 8% mortgage rates occurred in 2022 and 2023 as inflation rose and the Federal Reserve raised interest rates to slow down the economy.
(Source: Federal Reserve, Mortgage Bankers Association)
I enjoyed watching this recent video from Fox Business my husband sent me which provides a more in-depth analysis if you will on current mortgage trends and what this means for buyers, sellers, and investors. It’s a must-watch if you’re looking to stay informed. Check it out for the full breakdown!
As Florida's real estate market continues to evolve, staying informed on these trends can help you make the best decisions whether you're buying, selling, or investing. Thoughts? 🧐
'Mansion Global' host Katrina Campins analyzes the state of the housing market on 'The Big Money Show.'