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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 – Fed minutes Rate hike ‘fairly soon’ puts March in play

Florida Real Estate News – Fed minutes Rate hike ‘fairly soon’ puts March in play WASHINGTON– Many Federal Reserve officials said the central bank may raise interest rates “fairly soon” and “potentially at an upcoming meeting” to head off a pickup in inflation, leaving the door firmly open to a March rate hike, according to minutes of the Fed’s Jan. 31-Feb. 1 meeting. Fed policymakers said such a step could be necessary if the advances of the labor market and inflation were “in line with or stronger than their current…

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Florida Real Estate News – FHA home loans were getting cheaper until Trump suspended a rate cut. Now, what comes next?

Florida Real Estate News – FHA home loans were getting cheaper until Trump suspended a rate cut. Now, what comes next? FHA home loans were getting cheaper until Trump suspended a rate cut. An hour after Donald Trump took the oath of office last month, his administration caught the attention of the real estate industry when it abruptly suspended a planned cut in Federal Housing Administration mortgage-insurance premiums. The Department of Housing and Urban Development cited the need for further analysis to protect taxpayers in halting the policy that would have…

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Florida Real Estate News – Average 30-year mortgage rate falls to 4.1%

Florida Real Estate News – Average 30-year mortgage rate falls to 4.1% Mortgage Rate Trend Index With the threat of a Fed interest rate hike on the horizon, 70% of experts polled by Bankrate.com this week predict that mortgage rates will go up, and none predict further declines. The remaining 30% expect relative stability. WASHINGTON (AP) – Long-term U.S. mortgage rates fell this week, breaking a holding pattern that prevailed for more than a month. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate loans declined to 4.10…

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Florida Real Estate New – Average 30year mortgage rate dips to 4.15%

Florida Real Estate News – Long-term mortgage rates slipped again this week. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate stood at 3.65 percent a year ago and averaged 3.65 percent through 2016, lowest in records going back to 1971. The rate on 15-year mortgages dropped to 3.35 percent this week from 3.39 percent and 2.95 percent a year ago. Both rates fell for the second straight week. But rates have soared since President Donald…

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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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