The Wall Street Journal had a great article about “Whats Ahead for Jumbo-Loans Borrowers in 2016.” It goes on to talk about with a down stock market you could see rates get even lower and as I say time and time again, every 1% increase in an interest rate reduces your buying power 11%.
A new millennium, a new wave of home buyers is on the horizon. The average age of millennials, as of 2015, was about age 25. This means that at around age 25, for the most part, schooling should be out of the way, a foundation has been started, and the millennials are looking for somewhere to start their roots. Sunny Fort Lauderdale has much to offer to any first-time homebuyers looking to begin their lives somewhere.
This program is for primary residences only and is offered at no additional cost to the buyer and can get them up to $1500 per month to pay their mortgage if they lose their job.