History Has Shown There's No Need to Fear the Recent Spikes in Mortgage Rates Because They Won't Have an Impact on Home Prices
All in One Mortgage Lenders exceeded 2012 numbers and is already exceeding 2013 expectations. "We give thanks to our Loan Originators and Team Members for helping us exceed our projections," said CEO Eddy Fernandez.
According to Fannie Mae researchers in a new report, from October 1993 to December 1994, mortgage rates rose from 6.8 percent to 9.2 percent. However, home prices leveled off and then only dropped slightly during that time.
This also occurred in October 1998 to May 2000, mortgage rates soared from 6.7 percent to 8.5 percent and there was no impact found on home prices during that period, according to Fannie Mae.
Even with the recent gains, mortgage rates remain low by historical standards. Low rates have helped fuel a housing recovery that is helping to drive economic growth this year.
The foundation of the Real Estate market is FHA and Conventional Loans, ultimately the buyers buy what they qualify for. Throughout history, buying a new home in the United States has always been the best personal Investment.
Questions and Comments: Call Eddy Fernandez, CEO Direct # 305 281 1862
Why All In One Mortgage Lenders LLC AIO is your place whether buying a first home or refinancing your current loan. Our staff has over 100 years of combined experience serving the real estate and building industry of Florida. As Members of the South Florida community, the team at AIO Mortgage Lenders understands the special needs of our community. We know it is important to our buyers to take advantage of new opportunities and rapid changes in a timely manner. AIO takes great pride in our strong relationships and ensure that our customers receive the highest level of service from our Team. At AIO Mortgage Lenders we provide constant communication with your Realtor/Builder. We have earned our excellent reputation by opening more doors to homes in our community that your average lender possibly could. We at All In One Mortgage Lenders are open to help you close
