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Category Archives: Florida Realtors

Mortgage Rates Climb Higher than 4%

Florida RealtorsBy March 17, 2022

The 30-year, fixed-rate mortgage averaged 4.16% this week, a height not seen since May 2019. Last week it averaged 3.85%; a year ago, it was 3.09%.

NAR/VA Videos Hope to Boost Veteran Housing

Florida RealtorsBy March 17, 2022

The first video explains the advantages of a VA loan. The second covers misconceptions and offers solutions to challenges noted by Realtors, buyers and sellers.

Fed Fights Inflation: Boosts Interest Rates 1/4 Point

Florida RealtorsBy March 16, 2022

The expected interest-rate increase will raise short-term borrowing costs for things like credit cards, and it often has an indirect impact on mortgage rates.

Judge Approves Receivership for Property Insurer

Florida RealtorsBy March 16, 2022

A judge named a receiver for Tampa-based property insurer Avatar Property & Casualty Insurance Co. for “purposes of liquidation.” Avatar has 37K policies.

Builders’ Confidence Dips Four Months in a Row

Florida RealtorsBy March 16, 2022

The index that measures home builders’ attitudes fell below 80 for the first time since last Sept., largely due to supply issues and interest-rate expectations.

Is the Starter Home Gone for Good?

Florida RealtorsBy March 16, 2022

Thanks to tight inventory and competition from institutional investors, more first-time buyers set their sights on larger homes with lots of backyard space.

As Refi Loans Decline, Equity Lines of Credit Rise

Florida RealtorsBy March 16, 2022

Refinancing has allowed homeowners to tap into built-up equity. If interest rates rise, however, a Home Equity Line of Credit (HELOC) may make more sense.

Finding Sellers: Desperate Times, Desperate Measures

Florida RealtorsBy March 16, 2022

One Orlando agent entices past clients with a monthly gift basket so they have “no choice” but to remember her. Another has a sales pitch for all fellow dog walkers.

NAHB to Pres. Biden: End Lumber Tariffs

Florida RealtorsBy March 15, 2022

During a virtual White House “listening session” Monday, builders said Canadian lumber tariffs dramatically affect new-home prices and economic stability.

Referrals: A Good ‘Thank You’ Encourages More

Florida RealtorsBy March 15, 2022

Top producers say 82% of their business comes from referrals, making good, ongoing “thank you’s” perhaps the most effective tool in a marketing arsenal.

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