Florida Home Mortgage Market A Week After The Fed Wraps Up Their Program


The Florida Home Mortgage Market has certainly changed a week after the Fed has wrapped up their purchasing of mortgage backed securities. In a weekly survey that came out from the Mortgage Bankers Association the 30 year fixed rate mortgage rose from 5.04% to 5.31%. Let me share with you what this means to Florida first time home buyers and sellers.

In a recent blog post I shared the rise of 1% interest rate per one hundred thousand dollars borrowed on a Florida home mortgage can result in a $30.00 increase per month. While this to an affluent person may not be a big deal, to a first time home buyer it is a big deal. Another fact that must be shared is the the amount that a Florida first time home buyer or any other buyer for that matter will obtain pre approval for. As interest rates rise you will see that obtaining pre approval for a Florida home mortgage and trying to buy a larger more expensive Florida home of your choice will become more difficult.  You more than likely will become easily fustrated knowing that just a couple of weeks ago you could have been paying less for a bigger home. I don’t blame you.

Ladies and gentlemen, if you are considering a Florida home mortgage, today is the day to obtain the highest pre approval with the lowest interest rate for the purchase of a home.

Sellers, if you are considering selling your home, please understand that today is the day to attract buyers to your property because tomorrow they will not obtain a pre approval for it.

Feel free to email me or leave me a note if you have any questions or thoughts regarding obtaining a Florida home mortgage or how your purchasing power will be affected to due to a rising interest rate environment.


About Edgar DeJesus

Edgar DeJesus, a Husband first and foremost who shares his life with his loving wife Emily and their pet Charleston(chocolate American Cocker Spaniel). Fellow colleagues recognize him as one of the top mortgage planners in the Tampa Bay market and a fellow professional you can count on, his clients love him for being their trusted advisor. What keeps this hardworking mortgage planner going is his pure passion to deliver an extraordinary customer service experience. The question behind his motivation is simple - What differentiates him from every other real estate financing professional? He answers the question by saying: On every mortgage I provide for a client I treat it as if I were buying or building a home for my family, consolidating my debt, lowering my interest rate, or improving my own home. I deliver no less than I would expect if someone were providing me with a mortgage and most important their want & need is my want & need. He also says it is not just about providing mortgages, it’s about building life long lasting relationships. Some of his favorite hobbies are spending time with his family and friends, playing golf, dining at steakhouses, & fellowship with others. Satisfaction for Edgar DeJesus comes from not only closing loans but rather opening doors. Receiving referrals from clients is a great compliment he can receive and the greatest compliment is to have clients repeat their loan experience with him. A great demonstration that he does not over promise and under deliver.
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