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

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

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

One of Florida Realtors’ top 2017 legislative goals – a cut in the rent tax on commercial leases – went into effect. The rate dropped from 6% to 5.8% on Jan. 1. Source: Florida Realtors

Single-family starts continue to outpace apartments, and starts on single-family houses rose 8.7% so far this year – but demand continues to outpace supply. Source: Florida Realtors

Freddie Mac economist Len Kiefer said the market had already priced in the Fed’s rate hike on Wednesday, so mortgage rates barely moved from last week’s 3.94%. Source: Florida Realtors

The Florida Real Estate Commission (FREC) considered comments but made no changes to proposed team advertising rules before voting to approve them on Wednesday. However, the new rules have one Source: Florida Realtors

Freddie Mac and FHA should soon follow suit. In a holiday tradition, foreclosure actions may continue but families won’t be evicted until at least Jan. 2, 2018. Source: Florida Realtors

Due to rising home prices, FHA loan limits will go up in 3,011 U.S. counties next year. In high-cost areas, the max rises from $636,150 to $679,650 next year. Source: Florida Realtors

The House financial services chair admitted that his mortgage reform bill probably won’t become law and said he’s reaching across the aisle to find a bipartisan solution. Source: Florida Realtors