Mortgage rates are expected to rise again in the near term due to higher-than-anticipated inflation data.Buyers had hoped for rate cuts after rates dropped from ~8% in the fall to the mid-6% range in mid-December....
Real Estate Updates
Florida leads in net domestic and international migration, influencing its Real Estate market....
1. Record-high monthly mortgage payments: - Median monthly mortgage payment reached an all-time high of $2,632, ↑ 13.9% yearly. 2. Aggressive interest rate hikes: - The Fed's 11 rate hikes since March 2022 pushed mortgage rates to two-decade highs of 7.25%....