The Federal Reserve (FED, for its acronym in English). He decided to increase mortgage rates this month by 0.75% in order to calm inflation.

According to Freddie Mac, rates for 30-year mortgage loans increased from 6.02% to 6.29%. Now for a loan of $400,000, installments averaging $2,470 will be paid. Last year on this same date, installment payments averaged $1,660.

According to the country's urban development and economic projections, it is difficult to think that the 3% interest rates that existed last year will return. Inflation continues to rise and the FED is using all possible resources to somewhat alleviate this inflationary increase.

Real estate properties have not escaped this phenomenon, as prices are increasingly appreciating more, due to the low inventory of properties for sale and the growing demand from young buyers and foreign investors.

For property owners this translates into a significant increase in their assets since today a property can be worth about $80,000 more than last year. If you are In the property search process, whether to buy or invest, do not stop. Forecasts indicate that prices may not drop as inventory becomes increasingly limited.

If it is Considering investing in real estate, it is recommended that you have the help of a professional team to advise you. The real estate market in Florida is becoming stronger, but it offers many incentives for buyers or investors, not only local, but also foreigners, especially Latin Americans.