You will refinance again in 2023 when the government pivots

DDA Mortgage • October 24, 2022

When it comes to buying a house, there are a lot of things to worry about—like what kind of mortgage you'll be getting and whether or not the interest rate will be higher than you expected. But there's one thing that I want you to remember: The time will come when interest rates will drop, and you'll be able to lock in a lower rate for the life of your loan.


That means that if you buy a house now with a higher interest rate than you were expecting, don't worry—you have options so that when those rates drop, you'll be able to take advantage of the opportunity.



Closing now at a higher rate is only temporary


You see, when the economy cools down (which it inevitably will), the government will cut interest rates to stimulate borrowing and get money flowing back into the economy. That means that even if you're buying a house right now at a higher interest rate, it's likely that your mortgage rate will drop in the future if you refinance.



Why You Want To Refinance Your Home In 2023


When rates do drop, you want to be ready.


The first thing you should know is that it's a good idea to refinance during a rate drop—if you're in the right situation to do it.


And what exactly is "the right situation?" Here are some of the most common reasons people choose to refinance:


Consolidating debt:

If you have several different loans (student loans, car loans, credit cards) that have high-interest rates and low balances, refinancing may be an option for you. When you combine these loans into one lower-interest-rate loan, it can save you money in the long run.


Buying a house at a higher interest rate:

If you bought your first house and are paying more than the current market rate on mortgages, refinancing could help you lower your monthly payments and save money over the long run.


Getting rid of a HELOC:

If you took out a home equity line of credit, refinancing could help keep those payments under control by converting them into fixed-rate payments that won't change over time or are at a lower interest rate.



Don't Lose Sight Of What's Important


There are so many great things about buying a home: You can make it your own, you can start building equity, and it's an investment in your future.


Rates are going to drop in the future, and when they do, you'll be glad you got a great deal on your home now!


If you are shopping for a home, call us now (727) 784-5555. We will show you all your options, not just the traditional ones.


If you have questions about mortgages and home loans, please ask using the form below.

Ask a Question

Use the form below and we will give your our expert answers!

203H Ask A Question

Start Your Loan with DDA today
Your local Mortgage Broker

Mortgage Broker Largo
See our Reviews

Looking for more details? Listen to our extended podcast! 

Check out our other helpful videos to learn more about credit and residential mortgages.

What would the 50 year mortgage do for you

By Didier Malagies • November 10, 2025
✅ the principal you borrowed ✅ all interest paid over the years ❌ It does NOT include taxes, insurance, or HOA unless noted. Because longer terms spread payments out more slowly, they lower the monthly payment but massively increase total interest paid. Below is a simple example to show how total payments change by loan term. ✅ Example: $300,000 loan at 6% interest 15-Year Mortgage Monthly payment: ≈ $2,531 Total paid: ≈ $455,682 Total interest: ≈ $155,682 30-Year Mortgage Monthly payment: ≈ $1,799 Total paid: ≈ $647,514 Total interest: ≈ $347,514 40-Year Mortgage Monthly payment: ≈ $1,650 Total paid: ≈ $792,089 Total interest: ≈ $492,089 50-Year Mortgage Monthly payment: ≈ $1,595 Didier Malagies nmls212566 DDA Mortgage nmls32432 Total paid: ≈ $956,140 Total interest: ≈ $656,140 ✅ Summary: Total Payments by Loan Term Term Monthly Payment Total Paid Over Life Total Interest 15-Year ~$2,531 $455,682 $155,682 30-Year ~$1,799 $647,514 $347,514 40-Year ~$1,650 $792,089 $492,089 50-Year ~$1,595 $956,140 $656,140 ✅ Key Takeaway A longer mortgage = lower payment, but the total paid skyrockets because interest accrues for decades longer. tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329

Will 6% interest rate create more activity for homebuyers

By Didier Malagies • November 5, 2025
This is a subtitle for your new post

My prediction for what is coming next

By Didier Malagies • November 3, 2025
Here are the main types of events that typically cause the 10-year yield to drop: Economic slowdown or recession signs Weak GDP, rising unemployment, or falling consumer spending make investors expect lower future interest rates. Example: A bad jobs report or slowing manufacturing data often pushes yields lower. Federal Reserve rate cuts (or expectations of cuts) If the Fed signals or actually cuts rates, long-term yields like the 10-year typically decline. Markets anticipate lower inflation and slower growth ahead. Financial market stress or geopolitical tension During crises (wars, banking issues, political instability), investors seek safety in Treasuries — pushing prices up and yields down. Lower inflation or deflation data When inflation slows more than expected, the “real” return on Treasuries looks more attractive, bringing yields down. Dovish Fed comments or data suggesting easing ahead Even before actual rate cuts, if the Fed hints it might ease policy, yields often fall in anticipation. tune in and learn https://www.ddamortgage.com/blog didier malagies nmls#212566 dda mortgage nmls#324329
Show More