2025: A Year of Stabilization and Opportunities

NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.

Mortgage Rates Back Down to Lowest Levels in 2 Weeks

After having a great day yesterday, mortgage rates were able to add another "good" day today.  The net effect brings the average lender's top tier 30yr fixed rate back down to levels last seen on January 2nd, exactly 2 weeks ago.   Yesterday's key motivation was the palatable inflatio

Study: Florida Home Prices Surge in Last Decade

Seven cities in Florida saw 10-year increases in home prices of more than 190%, according to a study, which is about twice the national average.

Rates Hit Highest Level Since May

The average rate on 30-year mortgages rose to 7.04% from 6.93% last week. Borrowing costs on 15-year fixed-rate mortgages increased to 6.27% from 6.14%.