Mortgage Rates Rise to 7.23% – Highest Since June 2001
Increases may continue. “Ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” says Freddie Mac’s chief economist.
System to Fight Theft of Dead People’s Homes
In a macabre scam, thieves steal homes of the recently deceased, so Broward County’s top appraiser will start to coordinate with the Medical Examiner’s office.
Buyers on $3K Budget Lost $71K in Purchasing Power
If a buyer on a $3K monthly budget can get a 7.4% mortgage, the range of homes they can afford is less expensive than the ones they looked at last year.
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