South Florida’s Mortgage Market

Even in the expensive areas of Southeast Florida, most home buyers purchase their new property with a mortgage loan. Whether because it’s the only way a buyer can afford the house she wants, or there’s a deal best made with OPM (Other People’s Money), homebuyers are monitoring the mortgage market – or should be.

Waterway expanding to a lake, with lakeside mid-rise properties on the left and high-rise properties on the distant shore.
Properties around Lake Boca Raton

Well-respected Real Estate news magazine The Real Deal, in their Southeast Florida edition, recently ran a useful overview on the South Florida mortgage market. According to real estate journalist Guelda Voein, though it is still relatively easy to get a mortgage in South Florida, rates are going up and there are some “systemic threats” to the mortgage market. Will that make you move on buying a Southeastern Florida property a little sooner than you may have planned? Or are you going to wait? According to The Real Deal’s reporting, buyers have been jumping into the market faster than expected during the past few months. The full version of the article, from the magazine’s March issue, gives you a lot of background on the mortgage environment and likely changes in both the single-family and the luxury home markets in our very diverse and fascinating area.

We’re sharing this to Discount Packing Supplies customers and online visitors, to help you with your moving and property investing decisions. Remember, though our name is Discount Packing Supplies, and we do have a great selection of exactly that, supplies for packing and moving, we’re more than just a box store. We’re your full-service moving consultant, willing and ready to give you all kind of moving help, including advice and referrals to the right professionals to meet all your moving needs. Sure, we’re happy to sell you boxes and protective packing supplies, but we can help you with much more, making your life and move easier. One of the services the great Realtors┬« and other real estate professionals we recommend can offer to you, is knowledge of and connection to a number of different mortgage brokers and lending professionals.