Interest rates hit the highest level in nearly 23 years

Interest rates hit the highest level in nearly 23 years In recent news, the average contract interest rate for 30-year fixed-rate mortgages, which are tailored for conforming loan balances of $726,200 or less, has seen a notable increase. Last week, these rates rose from 7.31% to 7.41%, marking a significant...

Navigating Housing Challenges in Florida

Navigating  Housing Challenges in Florida: High Mortgage Rates, Low Inventory, and Affordability Mortgage rates have surged to their highest levels in two decades, while housing inventory has hit an all-time low in the United States, resulting in a challenging environment for potential homebuyers. Daryl Fairweather, the Chief Economist at Redfin,...

US Mortgage Rates Rise for Third Consecutive Week

US Mortgage Rates Rise for Third Consecutive Week, Hover Just Below 7% In the week ending August 10, US mortgage rates experienced their third consecutive weekly increase, reaching an average of 6.96%. This marks a slight jump from the previous week's average of 6.90%, according to data from Freddie Mac....

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