Kiro Real Estate

In recent years, mortgage interest rates have been climbing steadily after a significant dip during the peak of the pandemic in 2020 and 2021. This rise in rates, fueled by soaring inflation and efforts to curb it through increased benchmark rates, has led to the highest mortgage interest rates seen since 2000, with only a slight decrease following the initial spikes. Despite hopes for a reduction in the benchmark rate later in the year, recent inflation reports have led to a stabilization in mortgage rates.

While it's true that current mortgage rates are higher compared to previous years, they remain relatively low historically. And while there's optimism that future adjustments may lower these rates, there are compelling reasons why prospective homebuyers shouldn't wait for those changes. Here are four scenarios where buying a home despite high interest rates might be the right move for you:
1. When You Find Your Dream Home:
Opportunities to purchase your dream home are rare and fleeting. Even if the interest rates are higher at the time, seizing the chance to own a home you've always envisioned could outweigh the temporary setback of higher rates. Remember, refinancing remains an option down the line when market conditions stabilize.
2. When You Can Afford the Higher Rate:
Assess your financial situation carefully. Despite the current elevated rates, you might be surprised at how manageable the payments are within your budget. Keep in mind that mortgage rates fluctuate over time, so if you're financially prepared to handle the higher rate now, don't let it deter you from making a purchase. You can always explore refinancing options in the future.
3. When the Home Price is Affordable:
Finding a home that's priced reasonably, or even below expectations, could make buying a viable option despite higher mortgage rates. Anticipate potential complications that may arise when rates eventually decrease, such as an uptick in home prices. By purchasing an affordable home now, you could potentially avoid these complications altogether.
4. When Renting is the Only Alternative:
While renting might seem like a short-term solution, it doesn't offer the long-term benefits of homeownership, such as equity accumulation and tax deductions. If renting is your only option currently, it might be worth considering buying a home if it's financially feasible for you. Despite the higher initial costs, owning a home provides numerous advantages over renting in the long run.
In conclusion,
While the current high-interest rate environment may not be ideal for homebuyers, there are circumstances where proceeding with a purchase could still be advantageous. Whether it's securing your dream home, being financially prepared for the higher rates, finding an affordable property, or choosing homeownership over renting, carefully evaluating your options and crunching the numbers can help you make an informed decision. Remember to factor in all costs, including closing expenses, to ensure that your purchase aligns with your financial capabilities in today's market.
Make sure to shop around to consistently find the lowest interest rate that best fits your needs. Let Loan Factory help you discover the most competitive and suitable interest rates for you.

Kiro Habib
Mortgage Loan Originator & Realtor
NMLS # 2566226

Do we have any Realtors in or near Boston? I have a referral! Message me ASAP

$115,000 VACANT LOT, minutes from Miami International Airport, Residential zoning, total area is 10,082 sqft. TEXT ME!

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Let’s kick off the year with a stunning waterfront estate on the exclusive Hibiscus Island in Miami Beach. This two-story masterpiece, designed by the renowned architect Ralph Choeff, defines the epitome of luxury living. With 7 bedrooms and 7 bathrooms, this property sits on a meticulously landscaped 15,750 square foot lot, offering breathtaking panoramic views of the iconic Miami skyline.

As you step inside, you’ll be captivated by the impeccable interior design, featuring soaring ceilings and floor-to-ceiling telescoping glass doors. These doors not only flood the space with serene natural light, but also seamlessly connect the indoors with the outdoors. The expansive Great Room effortlessly integrates a family/media room, a dining area, and a chef’s kitchen, all with captivating water views.

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Start the year off in style with this exceptional waterfront estate that embodies the essence of luxury living in Miami Beach.

FOR RENT! Experience the epitome of modern living in this upgraded 2-bedroom, 2.5-bathroom townhouse, nestled in the breathtaking Boca Raton. Built in 2006, this home exudes elegance and style. With a one-car attached garage, a serene lake view, and the added security of a gated community, you'll find peace and tranquility at every turn. The kitchen features stunning granite countertops and stainless steel appliances, while the living area boasts beautiful tiled floors. The bedrooms and stairs are adorned with hardwood flooring, adding a touch of sophistication. Enjoy the convenience of this superb location, with shopping, schools, and highways just moments away. Downtown Boca is easily accessible, making every day a delight. Don't delay, as association approvals may take up to four weeks. Embrace the lifestyle you deserve today!

An extraordinary opportunity awaits to acquire four modern apartments just moments away from the vibrant Las Olas and Fort Lauderdale Beach. This exceptional building is nestled in the prestigious neighborhood of Colee Hammock, offering an ideal location for short-term tenants or professionals seeking to live in close proximity to world-class restaurants and the lively atmosphere of Las Olas.

Each of these spacious apartments features updated kitchens with sleek stainless steel appliances, expansive living areas, brand new central air conditioning units, stylish tile flooring, impact windows, and glass doors. Additionally, the convenience of having a washer and dryer on the premises adds to the overall appeal. With a new roof installed in 2022, outdoor lighting, and five parking spaces, this property ensures both comfort and convenience.

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Curious about what a million dollars can get you in Miami Beach? Look no further! This luxurious LPH apartment is located in the highly sought-after Central Tower, boasting not one, but two balconies offering breathtaking views of the ocean, Miami skyline, bay, and stunning sunsets. As if that wasn't enough, you'll even have the pleasure of enjoying mesmerizing full moon views from the comfort of your own home.

Formerly known as the renowned CANYON RANCH, this residential unit grants you access to an award-winning spa that's the talk of South Florida. With a plethora of daily classes and incredible amenities, including a sprawling 70,000 square foot spa, a beauty salon, bar, and restaurant, you'll find yourself indulging in the ultimate luxury and relaxation.

Imagine waking up to the sound of crashing waves and stepping into your full-size, Italian kitchen equipped with a washer and dryer. And as a bonus, the lucky owner of this property will receive not just one, but eight memberships to the spa and gym, each valued at $7,500, and a monthly credit of $200 to use as they please.

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Introducing an incredible opportunity - a brand new, never before lived in, oceanfront oasis. This modern, one-floor living masterpiece offers unparalleled luxury and convenience. With a spacious 3700+ square foot layout, this unique unit features three bedrooms, a den, three full luxury bathrooms, and a powder room. Step outside and enjoy three outdoor spaces, perfect for soaking in the breathtaking views.

The kitchen is a chef's dream, complete with a Wolf Marine Grade summer kitchen and the latest appliances by Wolf and Subzero. Natural light floods every corner of the space thanks to the 10-foot impact glass Slider Glass wall. Contemporary finishes, European cabinetry, and porcelain countertops add a touch of elegance to the interior. Classic wide plank European wood floors provide a timeless aesthetic.

Security is paramount with 24-hour manned security ensuring peace of mind. The convenient location of this oceanfront residence is unbeatable. The private Boca Raton airport is just a 10-minute drive away, and top-notch restaurants and entertainment options are within a three-mile radius. Families will appreciate the A+ Boca Raton Schools, and avid golfers will delight in the abundance of top area golf courses, both private and public.

Maintenance-free living is a reality with this turnkey option. A full place generator ensures that you never have to worry about power outages. Your own personal paradise awaits in this stunning oceanfront retreat.

Just gonna leave these right here... :)

The world is ending. Go ahead and buy that condo on the beach you’ve always wanted 😊

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In a realm of dreams, a home awaits,
A sanctuary of bliss, where love resonates.
Four bedrooms, a haven for hearts to rest,
Bathed in warmth, by the sun's gentle caress.

Within these walls, a symphony unfolds,
A stove, anew, its fires burn bold.
A microwave's whispers, a culinary delight,
And a dishwasher's embrace, cleansing the night.
A washer and dryer, a duo of grace,
Ensuring garments dance, in a pristine embrace.

But beyond these treasures, behold the grand,
A pool, a jewel, where memories expand.
Its azure depths, an invitation to explore,
A jacuzzi's embrace, a sanctuary to adore.
A waterfall's cascade, a symphony of grace,
In this aquatic oasis, time finds its place.

A two-car garage, a shelter for chariots prized,
And a driveway, where more vehicles reside.
Ample space, for those who come near,
A welcome mat, for loved ones so dear.

The neighbors, like kin, with hearts so kind,
A community, in harmony, where peace we find.
Whispers of serenity, caressed by nature's hand,
A tranquil haven, where dreams expand.

Convenience beckons, with stores and delights,
Restaurants aplenty, to savor culinary heights.
The highway, a pathway, just moments away,
To traverse the world, in a swift and easy way.

So come, dear seeker, to this home divine,
Where love and beauty eternally intertwine.
A tapestry of dreams, waiting to unfold,
In this rental abode, a story yet untold.

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Experience the pinnacle of luxury living at Jade Signature in Sunny Isles Beach. This stunning and unique apartment boasts breathtaking views from the 47th floor. 10Ft ceilings, and two lovely terraces. The kitchen features Gaggenau appliances and a wine cooler. Walk to restaurants, groceries, and shops.
The interiors of Jade Signature were designed by the French firm PYR, led by Pierre-Yves Rochon, and the landscape architecture was done by Raymond Jungles. This 57-floor luxury tower offers resort-style living and amenities, including a beachfront bar and grill with pool beach service, a 25-meter lap pool on the south side of the tower, and an oceanfront fitness center with state-of-the-art equipment.
Step into this elegant and prestigious home, designed by renowned architect Hergoz & De Meuron, and experience over 3460 SqFt of indoor living space. This beautifully finished apartment features 4 bedrooms, 5 and a half bathrooms, plus a maid's quarter, with stunning unobstructed ocean views. Enjoy the convenience of a private elevator and landing foyer.
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This stunning four-unit multi-family property boasts prime waterfront location on the Intracoastal, featuring four spacious boat slips that can accommodate large vessels. Located conveniently across the street from the iconic Hollywood Beach boardwalk, guests can enjoy endless entertainment options, from waterfront dining to shopping and nightlife. With the ability to generate an estimated $450,000 per year through various rental options including Airbnb, boat/dock rentals, jet ski, paddleboard, and kayak rentals, this property is a lucrative investment opportunity. Whether you're looking for a vacation home or an investment property, this multi-family gem has it all.

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If that’s not one of the most beautiful homes you’ve ever seen, you must be from another world 😂