Average 30-year mortgage rate climbs to highest level in nearly a year
The average 30-year mortgage rate rose to 6.55% this week, Freddie Mac said. The increase is adding to borrowing costs and reducing purchasing power as inflation concerns push bond yields higher.
Florida economy moves up to No. 14 globally
The state's $1.8 trillion economy is now the world’s 14th largest after surpassing Australia and Mexico, according to the Florida Chamber Foundation. The foundation said Florida’s economy grew 6.3% over the past year, moving the state closer to its goal of ranking among the world’s 10 largest econom
Think Nobody's Buying Homes Right Now? Think Again.
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared. But there's a big difference between a slow market and a stalled one. Yes, mortgage rates are still higher than most people would like. Homes aren’t selling as fast as they
Young buyers face tougher path to ownership
Pew Research found rising home prices, higher mortgage rates and bigger upfront costs have made homeownership harder for adults under 40. In several Florida metros, median home prices are now four to five times the median income for younger households.