If you list a home built by Taylor Morrison, note that in the listing. The latest “most trusted builder” survey ranked the company No. 1 for consumer trust. Source: Florida Realtors
Mortgage rates rise: 30-year hits 4.04 percent
Source: Florida Realtors
Florida report: 2017 Profile of Home Buyers and Sellers
What does the typical Fla. buyer or seller look like? Only 1 in 5 (22%) of buyers are first-timers compared to 34% in U.S., and they’re typically 45 years old. Sellers average 60 years and make about $96.5K annually with retirement a primary goal. Source: Florida Realtors
Prepare for a potential government shutdown
Political disputes could lead to a temporary federal shutdown on Friday. If so, certain important real estate functions could slow down or possibly come to a halt. Source: Florida Realtors
New programs help investors buy single-family homes
Mortgage finance giants Fannie Mae and Freddie Mac have new loan packages with competitive interest rates to help small investors buy single-family rentals. Source: Florida Realtors
Average 30-year mortgage rates rise to 3.99%
The cost of borrowing money to buy a home rose slightly this week but stopped short of crossing the psychologically significant 4% mark. Source: Florida Realtors
Buyers' wallets will feel Fed's rate hike
More expected Fed rate hikes won’t just make adjustable-rate loans more expensive, they’ll also make buyers pay more on credit card balances and other debt. Source: Florida Realtors
'Tappable equity' at record high, but tax law could change impact
Fla.-based Black Knight says “tappable” equity has hit a record high, but equity loans could still drop in demand since interest is no longer tax deductible. Source: Florida Realtors
Average 30-year mortgage rates slip to 3.95%
Freddie Mac says the average rate on 30-year fixed-rate mortgages slipped to 3.95% from 3.99% last week. One year ago, the FRM averaged 4.20%. Source: Florida Realtors
Study: Lenders approved lower credit scores in 2017
In Nov. 2016, the average FICO score on a closed FHA refinance loan to a millennial borrower was 678 – but it dropped to 669 in Nov. 2017. Source: Florida Realtors
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