Rates Hit Highest Level Since May

The average rate on 30-year mortgages rose to 7.04% from 6.93% last week. Borrowing costs on 15-year fixed-rate mortgages increased to 6.27% from 6.14%.

Builder Confidence Edges Up

The latest HMI survey revealed that 30% of builders cut home prices in January, with that share remaining stable between 30% and 33% since July.

IRS Extends Florida Tax Deadline

Florida taxpayers, including small businesses, have until May 1, 2025, to file their 2023 and 2024 federal tax returns and pay any taxes owed.