Tampa Bay Area Homebuyers Eye 1% Mortgage Mirage
Posted by Mike + Michelle Grizzell on
As we’ve been pleased to point out before, Tampa Bay area mortgage interest rates are not just ‘low’ – that would be like saying Michael Phelps is a ‘good’ swimmer. When you borrow at a rate below the inflation rate, you essentially borrow for free. Using someone else’s money to do a job for you is one of the less well-hidden secrets of successful people – so it should come as no surprise that some of today’s most prominent business names are right in there with everyone else, getting a mortgage that takes advantage of today’s environment. Only more so.
This is the basis for the (if you haven’t heard, sit down and take a deep breath) 1% mortgage rates currently actually being granted to some homebuyers. Such seemingly too-good-to-be-true rates are…
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