Sam Khater

Generationally high interest rates continue to drag down Florida’s housing market

Sam Khater, chief economist for Freddie Mac, recently reported that interest rates for a 30-year mortgage had reached an average of 7.49%, the highest in a generation. This is causing a slowdown in the housing market, negatively impacting single-family home sales which were down 8% in August compared to last year. Khater attributes the spike to numerous factors including inflation, the job market, and...