Il presente articolo contiene informazioni di carattere generale e non sostituisce in alcun modo l’assistenza di un avvocato. Per maggiori informazioni sul tema e sui servizi offerti dallo Studio Legale Giannone, Vi invitiamo a contattarci scrivendo a info@studiolegalegiannone.it o chiamando il numero 012548557.
Segnaliamo l’articolo dello Studio Salussolia & Associates di Miami, partner internazionale dello Studio Legale Giannone
MORTGAGE RATES’ EVOLUTION
Why do mortgage rates continue to go up? The Federal Reserve policy influenced its evolution. In order to control inflation, Federal Reserve continues to raise interest rates to remain stable.
However, this politic has consequences. In one year, mortgage rates have nearly tripled.
In Florida, mortgage applications fell by 31% compared to 14% in the other States.
Rising rates affect not only potential home buyers but also people looking for refinancing. The number of refinancing plunged by 18% week-over-week, and compared to the same period last year, it decreased by 86%.
This increase in mortgage rates also influences people who wanted to sell their house and upgrade to a bigger one. With these new interest rates people tend to keep their house and their mortgage which they acquired at a lower rate a few years ago.