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 Related Posts:Why the Average Homeowner Has $319K in EquityHow Much Home Equity Have You Gained? The Answer…Mortgage Rates Hit Lowest Point So Far This YearWhy Your […]

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 Related Posts:Mortgage Rates Are Stabilizing – How That Helps…How To Buy a Home Without Waiting for Lower RatesWhat a Fed Rate Cut Could Mean for Mortgage RatesMortgage Rates […]

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 Related Posts:What Credit Score Do You Really Need To Buy a Home?The Truth About Credit Scores and Buying a HomeThe Credit Score Myth That’s […]

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 Related Posts:What a Fed Rate Cut Could Mean for Mortgage RatesWhy More Homeowners Are Giving Up Their Low Mortgage RateAre […]

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 Related Posts:What Will It Take for Prices To Come Down?Is an Accessory Dwelling Unit Right for You? Here’s…Why Rising Foreclosure Headlines Aren’t a Red Flag…Expert Forecasts Point to […]

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 Related Posts:What a Fed Rate Cut Could Mean for Mortgage RatesMortgage Rates Are Stabilizing – How That Helps…Expert Forecasts Point to Affordability Improving in 2026Mortgage […]

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 Related Posts:Pre-Approval Isn’t Commitment – It’s ClarityPre-Approval Is the Homebuying Step You Can’t Afford To SkipAre These Myths About Buying a Newly […]

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 Related Posts:Why Rising Foreclosure Headlines Aren’t a Red Flag…The U.S. Foreclosure Map You Need To SeeThe Truth About Down Payments (It’s Not What You Think)Should […]

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 Related Posts:Should I Buy a Home Right Now? Experts Say Prices…The VA Home Loan Advantage: What Every Veteran…Why Moving to a More Affordable […]

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 Related Posts:Patience Won’t Sell Your House. Pricing Will.Multi-Generational Homebuying Hit a Record High – Here’s WhyIs an Accessory Dwelling Unit Right for You? Here’s…Buying a […]