Finance

Articles A Big Mistake Home Buyers Are Making With Their Mortgages They could save “hundreds of dollars a month” by doing this one simple task, a housing expert says. © South_agency – E+/Getty Images As mortgage rates once again move above 7% this week, more home buyers may be desperate for savings to better afford homeownership. But housing experts say a common mistake could be costing […]
Buyer $100 Million Approved HHHP The bill, which was a 2024 Florida Realtors legislative priority, also includes changes to the Live Local Act. Hometown Heroes Housing Program funding begins July 1. TALLAHASSEE, Fla. – Gov. Ron DeSantis signed a bill revising 2023’s Live Local Act, providing an additional $100 million to the Hometown Heroes Housing Program (HHHP) for zero-interest downpayment […]
Articles How much income & down payment is needed for a $400k home? Have you been looking at homes, but are concerned with affording a home priced at $400,000 or more? Just because home prices are elevated doesn’t mean you can’t achieve your goal of home ownership. Believe it or not, but the median home price in the U.S. in Q1 2023 was $429,000. That means that most folks […]
Appraisals NAR Hosts Policy Forum on the Current Housing Market and Affordability   WASHINGTON (March 16, 2023) – The National Association of Realtors® hosted a policy forum Thursday entitled The Current Housing Market: Implications for Home Buyers and the Economy at the Capital Hilton in Washington, D.C. The opening session, Promoting Homeownership, Affordable Rentals, and Investor Involvement All at Once, featured a keynote fireside chat with the Director of […]
Articles Stubbornly High Inflation Pushes Mortgage Rates Up Borrowing costs may see temporary increases in the coming weeks but are expected to stabilize. Mortgage rates jumped this week, driven up by a record number of jobs and higher-than-expected inflation, says Nadia Evangelou, senior economist and director of real estate research for the National Association of REALTORS®. The 30-year fixed-rate mortgage averaged 6.32%, up […]
Finance FHA Announces 2023 Loan Floors and Ceilings Andril Yalanskyl, Getty Images   Loans for single units range from $472,030, the floor, to $1,089,300, the ceiling. For four units, it’s $907,000 to over $2M – and in some non-Fla. areas, over $3M. WASHINGTON – The Federal Housing Administration (FHA) announced new loan limits for calendar year 2023 for its Single Family Title II forward and Home […]
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