At one time, FHA offered “spot” condo loans even if a complex wasn’t certified, and while those may or may not be coming back, some changes are in the works. Source: Florida Realtors

Few experts thought the Fed would raise interest rates in June but that changed yesterday. An interest rate increase would directly impact ARMs and indirectly FRMs. Source: Florida Realtors

A circuit court ruled that State Farm doesn’t have to submit its policy-count totals to the state, but Fla.’s new insurance commissioner says he’ll file an appeal. Source: Florida Realtors

The U.S.’s top court ruled that consumers may challenge incorrect data provided by websites in court – but they must prove actual harm to succeed. Source: Florida Realtors

Cheap gas currently keeps U.S. inflation in check, but that won’t last forever as rents rise. And when inflation returns, mortgage rates usually move higher. Source: Florida Realtors

The average 30-year fixed mortgage rate dropped to 3.57% – far below its 3.85% one year ago and the third week in a row for a decline. Source: Florida Realtors

Chief Executive magazine’s annual list put Texas in the top “best for business” category, but No. 2 Fla. “continued to steadily edge up in qualitative measures.” Source: Florida Realtors

Starting in Oct., a buyer’s credit score may drop after a late homeowners’ association payment the same way it drops if mortgage payments arrive late. Source: Florida Realtors

Source: Florida Realtors

RealtyTrac: Only 1 out of 150 seriously delinquent Fla. homeowners (.67%) qualify under the fed’s latest rules to help at-risk owners by reducing their mortgage principal. Nationwide, it’s 1 in 200 (.5%). Source: Florida Realtors