According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed mortgage rates are at their lowest levels since January of last year. The average rate as of yesterday’s report was 4.08%. Freddie Mac further reports the following: “While the housing market has faced many head winds the last few months, it sailed through the turbulence to calmer seas with demand buttressed by a strong labor market and low mortgage rates. The benefits of the decline in mortgage rates that we’ve seen this year will continue to unfold over the next few months due to the lag from changes in mortgage rates to market sentiment and ultimately home sales.”
South Florida Real Estate Report – October 2023
November 29, 2023
Affordability is Primary Obstacle for Home Buyers in South Florida October was a difficult month for home buyers with both mortgage interest rates and median
