Mortgage Rates Jump After Jobs Report

Mortgage rates have come down about 1.5% in the past year and have dropped almost every week since May. This has been great news for buyers who have struggled with affordability in our South Florida real estate market. However, the latest jobs report turned the tide a bit and sent rates upward this week. Strong employment may be good for the overall economy, but its not good news for mortgage rates. Buyers who have been waiting for lower rates may want to reconsider their strategy.

South Florida Mortgage Rates October 2024
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