Mortgage rates rise to nearly 3-year high

The average 30-year mortgage rate climbed to 7.28%, its sixth straight weekly increase and highest level since November 2023. The 15-year rate rose to 6.60%.

Buyers weigh budgets and home priorities

A new survey found 77% of recent buyers exceeded their initial budgets, while some accepted fewer bedrooms, smaller yards or different locations.

Lenders offered more time for appraisal shift

Agents and buyers may see both old and new appraisal formats during the transition. An Oct. 16 Florida Realtors webinar will explain the changes.

Mortgage Rates End Day Higher Despite Promising Start

For a few moments this morning, it looked as if rates might buck the recent trend and recover a bit of ground today. The underlying bond market was fairly flat overnight and then managed to improve after this morning's PCE inflation data. But that improvement was short-lived.  Top tier 30yr fixed ra