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Falling Prices, low mortgage rates put record number of South Floridians within grasp A deluge of South Floridians are falling behind on their monthly house payments, raising fears that many of the delinquent property owners will lose Foreclosures rise as overextended S. Floridians struggle with mortgages.
Baby Boomers Less Likely To Retire Mortgage-Free · Fannie Mae found that among owner-occupant baby boomers who have already passed traditional retirement age (aged 65 to 69 in 2015), less than 50% were mortgage-free, down 10 percentage points.
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Florida Dominates List of Affordable Retirement Cities – Reverse Mortgage Daily · Florida dominated a new list from 55Places.com ranking the most affordable housing markets, with Sunshine State metros capturing six of the top 10 spots. However, the top ranking on the list was awarded to a metro that even 55Places.com acknowledged was.
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A mortgage rate of 4.5% is still very low! And it is likely headed higher. Since the Financial Crisis, the ultra-low mortgage rates were among the factors that have caused home prices to soar. But as rates are heading higher, the housing market is in for a big rethink.
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