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Florida Real Estate News – 30year mortgage rate falls below 4%

Florida Real Estate News – 30year mortgage rate falls below 4% Long-term U.S. mortgage rates fell this week to their lowest levels of the year this week: 3.95%. For all of 2016, FRMs averaged 3.65%.  From Matthew Graham at Mortgage News Daily: Mortgage Rates Unexpectedly Fall to 2017 Lows (Again) Mortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours (Asian and European trading sessions). … The average lender is now quoting conventional 30yr fixed rates in the high 3% range on top tier scenarios.  The…

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Florida Real Estate News – Homeownership rate falls to lowest level since 1965

Florida Real Estate News –  Homeownership rate falls to lowest level since 1965 Roughly 63 percent of Americans own homes – down from 69 percent in 2004 Single family homes in Queens From the New York website: The U.S. homeownership rate dropped to its lowest level since 1965, according to a new report from the Census Bureau. Nearly 63 percent of U.S. households owned their home in the second quarter of the year – down from 63.5 percent in the previous quarter. The rate reached a peak of 69.2 percent in…

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