Investor Buys Drop Over 40% in Some Sunbelt Metros

In No. 2 Jacksonville, they dropped 48.2% in 3Q and over 40% in 3 Fla. metros, but W. Palm Beach saw only a 7.6% drop, Miami was down 14% and Fort Lauderdale, down 19.1%.

Mortgage Rates Drop for 2nd Week, Go to 7.5%

It’s a notable drop from last week’s 7.76% for a 30-year, fixed-rate mortgage, due in part to a drop in bonds after the Fed’s decision to keep interest rates the same.

Mortgage Rates Continue Cautiously Lower

There have been more than a few days in the recent past with absolutely massive day-over-day swings in mortgage rates.  In fact, on each of the first 4 days of the month, mortgage rates changed by more than 0.10%--which is a relatively large move even when it shows up all on its own. But the vo

1 in 3 Buyers Uses Cash – Highest Share in a Decade

In Fla., cash sales dropped year-to-year in only one metro: Fort Lauderdale. The percentage of cash sales ranged from 38.2% in Tampa to 49% in West Palm Beach.