Just in time for our peak winter season, mortgage interest rates have dropped down again for the third week in a row. Inventory is still low and median prices are still on the rise in our South Florida markets, so this will bring some welcome relief for buyers who are financing their purchases. The 30 year fixed rate is averaging 6.32% which is about 3/4 of a point lower than the 52 week high in November of 7.08%.
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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