Industry Insider Predicts Florida Mortgage Interest Rate Decrease

Programs across the country are set up to help those seeking affordable housing. New HUD legislation should assist lower-income workers hoping for Florida mortgage loan approval. And now, a leading real estate expert predicts a pause in Florida home loan rates increase at the next Federal Reserve meeting tomorrow.

Perhaps the soft landing - or reversal - predicted for the housing market is beginning to come true.

“The tightening of the last 17 meetings has definitely had an effect on the housing market and downstream consumer spending,” says Jim Svinth, chief economist, LendingTree. “We see it in the latest GDP numbers and hear it anecdotally.”

Predictions of the next Fed meeting run the gamut as economists nationwide are keeping a keen eye on inflation and what another interest rate change will do for this key economic measure.

“While oil prices and Middle East unrest are threats, they are probably the only real threats for higher inflation,” says Mr. Svinth. “Economic growth seems well contained at this point and at least a couple Fed governors seem concerned about overdoing it. As far as the next Fed move, the slight edge goes to a pause at the August meeting.”

Let’s hope so. This prediction follows others that state the future of Florida home loans and sales overall is in good shape. The recent cooling off period does not suggest a crash of any kind.