Average Long-Term Mortgage Rate Eases to 6.63%
Freddie Mac’s chief economist said rates will continue to go down as inflation decelerates. Mortgage rates are at the lowest level since May.
Home Prices Saw Record Jump in November
CoreLogic Case-Shiller found U.S. home prices are up 45% since March 2020, the biggest gains since December 2022. CoreLogic forecasts home prices will rise by an average of 3% this year.
29.7% of Florida Homes Paid off, Above U.S. Average
In Florida, housing costs as a percentage of income with and without a mortgage stands at 21% and 10%, respectively.
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