Boca Luxury Condo Blog

Why Are Mortgage Rates So High?

why are mortgage rates so high

In the wake of the post-COVID era and some of the more... egregious economic decisions made in the past few years, inflation began to skyrocket in early 2021. In response, the federal reserve roared to life, raising interest rates in ways unseen for decades. The resulting shock stirred prospective buyers and sellers into a defensive crouch while pricing many millennial home buyers out of the market altogether. The Champagne & Parisi agents are here to deliver the facts and assuage concerns about this seemingly unprecedented time. However, this is far from unprecedented, and in fact, is closer to the mean in U.S. History than the past few decades would indicate. This is an unfamiliar, but not unprecedented time, and for our part, we're here to bring you some answers to the most pressing questions you have for us. So, why are mortgage rates so high? Read today's blog for a few of the prime reasons behind it.

combat rising inflation

Combat Rising Inflation

Rising rates are utilized in part to combat the accelerating inflation we've all experienced in the past few years. The rates are artificially implemented to reduce consumer activity, namely through the discouragement...

5 Ways To Give Your Boca Raton Condo A Modern Vibe

5 ways to create a modern vibe in your condo

The days of tans, terracotta, and Mediterranean influence will soon be in the rearview mirror for this strongly Addison-Inspired community of beautiful luxury condos. As more buildings, such as Townsend Place and Boca Grand, most recently, shift from the warm room-darkening hues to the eggshell whites of today, modernity continues sweeping across our condo market. While in years past our condo decor relied on Renaissance art inspiration, making the most luxuriant of condos appear like a modern-Medici-era penthouse rather than a clean beachfront high-rise, today's modern vibes are cleaner, calmer, brighter, and more serene. Learn how these new trends have affected how we decorate our condos, and how you can upgrade your own to elevate the vibe to modernity.

viva magenta

Choose A Modern Paint Color

The color shown above is "Viva Magenta." This accent color is Pantone's 2023 Color of the Year. While painting entire rooms this bright yet somewhat subdued color may be a stretch, but this is the perfect color to accent...