Fla. Senate Passes Affordable Housing Plan

A major housing bill strongly backed by Florida Realtors passed the Fla. Senate Wed. The House may suggest changes, but it’s a good start early in the 2023 session. TALLAHASSEE, Fla. – Moving quickly on priorities of Senate President Kathleen Passidomo, Florida senators Wednesday passed measures aimed at spurring more affordable housing for workers and

HUD Wants to Get Rid of Rental ‘Junk Fees’

FHA Approves 40-Year Loan Modifications By Kerry Smith If homeowners with an FHA loan default, they may still be able to keep the house through a mortgage modification, which now includes a 40-year option. WASHINGTON – The Federal Housing Administration (FHA) published a final rule in the Federal Register, Increased Forty-Year Term for Loan Modifications,

Mortgage Rates Drop Below 5%

AUGUST 4, 2022 At 4.99% it’s not far below, but it’s the first time in four months the 30-year, fixed-rate mortgage averaged below the psychologically significant 5% mark. WASHINGTON (AP) – The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up its

Pending Home Sales Edge 0.7% Higher in May

By Kerry Smith NAR says May’s increase in pending home sales ended a six-month skid of declines, but despite the gain, “the housing market is clearly undergoing a transition.” WASHINGTON – Pending home sales crept higher in May, ending a six-month streak of declines, according to the National Association of Realtors® (NAR). Regionally, month-over-month results