Mortgage Rates Rise for Fifth Straight Week
The rate on 30-year mortgages rose to 6.72% from 6.54% last week, Freddie Mac said. Rates on 15-year mortgages rose to 5.99% from 5.71% last week.
Dip in Mortgage Rates Lowered Down Payments
Down payment dollar amounts fell in 21 states in the third quarter with the biggest decline in Florida, where they fell 24% from a year earlier.
Fewer Than 1/3 of Renters Pay Under $1K a Month
Most U.S. renters pay between $1,000 and $1,9999 a month across the nation. The median apartment asking rent now sits at $1,634.
‘Cat Fund’ Could Face $4.6B Storm Tab
The Florida Hurricane Catastrophe Fund is expected to have sufficient cash reserves to cover its portion of losses if the preliminary estimates hold steady.
New Guide Helps Sellers Find the Right Agent
NAR’s latest Consumer Guide, Ten Questions to Ask a Seller’s Agent, provides helpful questions sellers should consider when selecting an agent.
Fla. Consumer Sentiment Slumps Post-Hurricanes
Storms caused significant damage across the state, resulting in a loss of economic activity. Floridians had mixed opinions about current economic conditions.
Citizens Insurance Policy Count Drops
The drop coincided with nine private insurers approved to assume up to 410,008 Citizens policies. The policy count is expected to total 891,184 at the end of the year.
Pending Home Sales Advanced 7.4% in September
Pending home sales bounced 7.4% to the highest level since March; they’re up 2.6% YoY. In the South, pending home sales improved, NAR said.
Pending Home Sales Advanced 7.4% in September
Pending home sales bounced 7.4% to the highest level since March; they’re up 2.6% YoY. In the South, pending home sales improved, NAR said.
Natural Disasters Could Sway Housing Decisions
A new Freddie Mac survey found more people today are concerned about natural disaster risks which could shape the future of real estate markets.