home interest rates

What High Interest Rates?

There seems to be a lot of commotion about home interest rates rising in the USA banking environment these days.  So because we’ve gone from 3.75% to 4.75% in the course of two years people think the sky is falling.  Really?  You’ve got to be kidding.

Back when I bought my first house in the 80’s, the interest rate environment was a completely different scenario than the current one. I purchased my home at an 17.5% interest rate.  Now that was a high interest rate.   Even as not too long ago as the early to mid 2000’s interest rates were hovering around 8% reaching to 6% by 2008 just prior to the financial crisis.

Because the nation was faced with an almost depression-like scenario, our leaders acted quickly to stabilize financial markets.  It is because of this reason that interest rates went as low as they did, in order to avoid an entire financial collapse.

What’s the moral of the story?  Higher interest rates mean an improving economy.  This results in an all-around better economic scenario for everyone, not just a few.  Because things are better in the USA economy today, we can feel safe with a few basis points higher in interest rates.

And regardless, historically speaking, interest rates as this level are still low.  It continues to be a perfect environment to both buy and sell and maximize your money.

Why Work with Mario Quintero

I help people reach their goals. Whether you want to buy for the first time, refinance your existing loan, purchase an investment property, or sell your home, TODAY is your moment. Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the Miami real estate and mortgage business since 2002. His experience is tested and true. Mario has helped thousands of clients reach their home ownership goals,

Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let me be both your trusted Miami realtor and Miami mortgage broker.

Get in Touch with Mario, Your Miami Realtor

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. Let’s find your dream home!