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
Housing starts fell in March – but no big deal
Starts fell 6.8% last month, but they’re 8.1% higher for the first quarter. Analysts think a mild winter may have boosted Jan.-Feb. and dinged March results. Source: Florida Realtors
More owners opting for a cash-out refi mortgage
45% of homeowners who refinanced in 4Q 2016 borrowed more money than they owed. The last time cash-out refis surged was during the pre-recession boom. Source: Florida Realtors
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