Tampa Mortgages – Clearwater – St Pete – Tampa Bay area
Tampa Mortgage rates and Clearwater home affordability have improved lately, thanks to an unlikely ally — Mother Nature.
In the 7 days since Iceland’s Eyjafjallajökull erupted, ash clouds have grounded planes, disrupted businesses, and stranded exports in warehouses worldwide.
It’s a drag on commerce that’s spilled over onto Wall Street. As experts debate the potential for future seismic activity, traders are taking some of their investment risk off the table.
In trading circles, it’s called “safe haven buying”. When the market gets cloudy, investors often move their cash into relatively safe assets. This includes government-backed securities — mortgage-bonds among them.
Demand for bonds rise, pushing up prices and driving down rates.
Conforming and FHA mortgage rates in Florida touched a 3-week low earlier this week.
Volcanic eruptions and like natural disasters remind us: Tampa mortgage rates change for all sorts of reasons. Some we can predict, most we cannot. There’s literally thousands of influences on the U.S. mortgage market.
If you’ve been shopping for Clearwater FL homes for sale or Clearwater beach condos or floating a mortgage rate, luck’s been on your side. Mortgage rates have fallen post-Eyjafjallajökull. However, as ash clouds dissipate and business resumes worldwide, investors will regain their collective appetite for risk and safe haven buying will reach its natural end.
When that happens, Tampa mortgage rates will rise.
Therefore, if you are in the process of buying a Clearwater home or beach condo use the seismic uncertainty to your advantage. Consider locking your Tampa mortgage rate sooner rather than later — while rates are still low.
Got any questions, just give us, your local Clearwater FL Realtors a call or talk to your loan officer about locking your rate on the Clearwater FL homes you want to buy.
We’re passionate about being your Clearwater Fl real estate advocate. We’re committed to delivering Results daily based on Integrity, Knowledge & Experience – helping you find the perfect Clearwater FL homes for sale.
We’d like to be YOUR Clearwater FL Real Estate Team!
Call Cyndee @ 727.710.8035 or Jack @ 727710.8036
Cyndee and Jack Haydon
Charles Rutenberg Realty
Clearwater FL Real Estate Office
1545 S. Belcher Rd
Clearwater Florida 33764
727-710-8035 (Cyndee’s cell)
727-710-8036 (Jack’s cell)