Fed Rate Cuts to Deliver Economic Boost
The rate cuts expected this week will be the first in a series that should make borrowing more affordable. Rates have already fallen in anticipation of the cuts.
Cities Urged to Tackle Housing Crisis
A Florida county will launch a public scorecard to track affordable housing efforts and tackle the crisis affecting lower-income workers, a statewide concern.
Is It Time to Consider a Mortgage Refi?
Lower rates are just one factor when refinancing a home loan. It can cost thousands to refinance so consider all of the costs before signing any documents.
Stay Informed: New Practice Resources Available
Florida Realtors will be hosting webinars this week regarding practice changes, and NAR released a new Consumer Guide about compensation offers.
U.S. Consumer Sentiment Ticks Higher
Consumer sentiment edged higher for the second month and is at its highest level since May, according to the University of Michigan.
Demand for Second-Home Mortgages Fall
Mortgage-rate locks for second homes have dropped 13% since last summer – more than twice as much as rate locks for primary homes, Redfin reported.
The Upcoming Rate Cut: 5 Things to Consider
The expected Fed rate cut could have positive impacts on the housing market, including lower mortgage rates and easier qualifications for mortgages.
Renovations With a Strong Return on Investment
Some remodeling projects offer huge a huge ROI when it’s time to sell. Some of the best: new garage doors and minor kitchen remodels.
Web Domain Listing Scam Targets NAR Members
Fraudulent mailers are circulating, purporting to help members register or renew .realestate or .realtor domain addresses, the association warns.
Long-Term Rates at Lowest Level Since Feb. 2023
The average rate on 30-year mortgages fell to 6.20% from 6.35% last week. A year ago, it was 7.18%. Rates on 15-year mortgages fell to 5.27% from 5.47%.