Mortgage Rates Surpass 7% Amidst Economic Strength
Mortgage rates have climbed above 7% for the first time since May 2024, marking the fifth consecutive week of increases. According to Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®), the average 30-year fixed-rate mortgage (FRM) reached 7.04%, up from 6.93% the previous week. Sam Khate
Why Everyone's Moving to Florida: The Sunshine State's Unstoppable Growth in 2025
Florida continues to attract new residents, solidifying its status as a top relocation destination. Recent data from the U.S. Census Bureau highlights significant population growth in the state, with Florida gaining approximately 131,000 new residents from other states between 2022 and 2023. This i
Fed Expected to Slow Down on Rate Cuts in 2025
The Federal Reserve is expected to adopt a more gradual approach to interest rate cuts in 2025, influenced by persistent inflation and robust economic growth. In September, Fed officials anticipated four rate reductions in 2025; however, recent economic indicators suggest that only two or three cuts
Florida Housing Market Update: November 2024 Shows Promising Signs
The Florida real estate market saw some interesting developments in November 2024, based on the latest data released by Florida Realtors. After months of fluctuating activity, there are signs of renewed momentum, even as broader market trends and recent weather events played a role in shaping the nu
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