Rates continue their downward trend with the 30-year fixed rate averaging 6.13% this week and the 15-year fixed rate averaging just 5.17%. This should help keep demand strong as inventory increases and winter buyers enter the marketplace in South Florida. Rates are down about 1% since they peaked in November 2022. With median sales prices still on the rise this is welcome news for many buyers looking to finance their home and condo purchases in South Florida.
February 1st, 2024 Mortgage rates dropped again this week reaching the lowest rate we’ve seen since May of 2023. The 15 year fixed rate mortgage
Mortgage rates trended down for the third straight week as new data indicates inflationary pressures are receding. The consumer price index slowed to 3.2% in
Since reaching 7% last November, 30-year fixed rates have slowly ticked down and have hovered just above 6% for the past month. Buyers seem to
Median Sale Prices at Record Highs for both Single Family and Condos March is always a busy month for our
Median Sale Prices at Record Highs for both Single Family and Condos February sales volume was up month over month
Inventory Levels Are the Highest in Years for Ocean Access Homes The winter season is upon us in South Florida
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