Interest me this

The real estate market has settled down a bit in Sarasota and Manatee counties. Now on to buying.

A couple of things for those sitting on the sideline.

Ask your local lender how much a slight fluctuation upward of the interest rate impacts your buying power.

I'm not a lending expert I am a real estate agent, specifically a buyer's specialist. But I know enough that there are a couple of misconceptions out there.

The few thousand dollars you thought you were going to save by sitting out of the market are gone in a flash with just a slight adjustment of mortgage rates upward.

Just because the fed rate is down does not mean mortgage rates will follow. In fact they may go up.

The first thing you need to do when you are buying (if your not paying cash) is to talk to a trusted lender about what is happening in the mortgage market.

Remember this the prime rate this morning not be the same prime rate tonight. It does fluctuate faster than you think.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com