Mindblown: a blog about philosophy.

The average 30-year mortgage rate in the U.S. has decreased from 7.9% to around 6%. Homeowners considering refinancing should evaluate potential cost savings using a mortgage calculator and understand associated fees. Improving credit scores can lead to better interest rates, so working on credit may be beneficial. Additionally, it's crucial to shop around and compare…

Miami residents are facing significant financial strain, with over 75% reporting difficulty covering household expenses. The area has the highest rate of cost-burdened renters in the U.S., with nearly 60% spending over 30% of their income on housing. Rising rents, driven by an influx of high-income earners, have led to a 21% increase in average…

Predictions for the Miami real estate market in 2025 indicate significant growth, with median home prices expected to rise by 6.5%, and single-family homes by 9.7%. Mortgage rates may drop to around 5%, enhancing affordability. The luxury condo market is thriving, particularly for properties over $1 million, which have surged by 122.2% since pre-pandemic levels.…

Last month, the Fed cut interest rates, benefiting prospective homeowners after years of hikes. Realtor.com suggests that the best time to buy a house this year is from September 29th to October 5th, as market demand drops by 30%, leading to lower prices and less pressure on buyers. This period allows for more thoughtful decision-making,…