WHO WAS IT THAT SAID: “ALL GOOD THINGS MUST COME TO AN END?”

Some of those who could have, did recently enjoyed record-low mortgage rates, but predictions are that average rates on a 30-year fixed rate mortgage will jump to 5% by the end of 2011 according to the Mortgage Bankers Association.  Well, that’s not so bad either… but averaging 4.4% in the 4^th quarter of 2010 is certainly a “boon”!  Of course, we have to watch the “Fed” for any new issues.

Expectations are for a total mortgage volume in 2011 of nearly $1-trillion.  Predictions are price declines of 1% in troubled housing markets including Florida and parts of California.  The pent-up demand may just burst open this year and in 2011.  NOW is the best time ever to purchase a property in Florida… prices and interest rates are low!