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Florida Realtors® News

Mortgage rates hit seven-year high, close in on 5%

The 30-year fixed-rate mortgage rose 11 basis points to 4.94%, due to “strong business activity and growth in employment,” says Freddie Mac’s chief economist. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=373682
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Buyers catch a break: Mortgage rates drop to 4.83%

Rates remain near seven-year highs, but the drop from last week’s 4.86% offers a bit of relief after market anxiety over rising interest rates. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=373381
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Mortgage rates move slightly higher

The 30-year fixed-rate mortgage (FRM) averaged 4.42% this week, up from last week’s average 4.40%. Rates have bounced around 4.40% since mid-February. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=364964
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Surprise tax savings for owners who paid PMI in 2017

It turns out private mortgage insurance is deductible after all for last year. Homeowners who pay PMI recently began receiving amended 1098s from their lenders. from Florida Realtors® News For more information, visit – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=363999
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