The 30-year FRM declined marginally since last week – down by .01% – but it still hovers a bit above the 4% mark. Source: Florida Realtors
Legislature OKs bill that oversees condo boards
Fla. lawmakers passed a bill that imposes criminal penalties for some condo board violations, such as election fraud, conflicts of interest and misappropriation. Source: Florida Realtors
Court: Miami can sue big banks for predatory lending
The U.S. Supreme Court said Miami may sue large U.S. lenders over allegations that their Fair Housing Act violations played a role in the housing meltdown. Source: Florida Realtors
College debt no longer a buyer deal breaker
Parents can now tap into home equity to pay off student loans, and it will be easier for millennial buyers to qualify. But it’s not for everyone. Source: Florida Realtors
Average 30-year mortgage rate rises to 4.03%
Long-term mortgage rates rose for the first time in five weeks, and the 30-year FRM pushed above the key threshold of 4 percent. Source: Florida Realtors
Property tax cap heads to 2018 ballot
A Florida Realtors’ top legislative priority passed the Florida Legislature: In 2018, voters will have the power to make the 10% non-homestead property permanent. Source: Florida Realtors
Feb. home prices rose at fastest pace in 3 years
SandP CoreLogic Case-Shiller: Home prices rose 5.8% in Feb. – a rate many analysts say may not be sustainable – as listings hit the lowest point in 20 years. Source: Florida Realtors
Will mortgage rates below 4% spur market?
How long will 4% rates last? It could lead skittish buyers to act sooner rather than later – or shop for slightly a bigger home than they could afford in Jan. Source: Florida Realtors
Mortgage rates drop below 4%
Rates that surged shortly after the presidential election have surprised experts by dropping again. This week’s average FRM, 3.97%, is the lowest since Nov. 2016. Source: Florida Realtors
Major changes coming to credit score calculations
The changes, however, might not help mortgage borrowers since Fannie Mae and Freddie Mac still require a FICO score for eligibility. Source: Florida Realtors
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