The average 30-year, fixed-rate mortgage dropped to 2.9% from last week’s 2.98% in Freddie Mac’s weekly survey. The 15-year loan and ARM rates also declined. MCLEAN, Va. – The 30-year, fixed-rate mortgage (FRM) averaged 2.90% this week, according to Freddie Mac’s weekly survey. It’s a notable decline from week’s 2.98% average, but it continues a

$250K homes are out there, but finding one largely depends on where a buyer chooses to live. South Floridians have sometimes moved about 80 miles north to find lower housing prices, but each area of the state has a few areas – typically smaller towns – with a few $250K homes. NAPLES -Real estate experts

Ginnie Mae – the funding arm behind FHA and VA loans – created a new “pool type” to secure “modified loans with terms up to 40 years.” It’s essentially the funding groundwork to release a new type of 40-year loan that Ginnie Mae expects to start offering in October. WASHINGTON, DC – Ginnie Mae announced

By ~ Kerry Smith Transaction reminder: If a hurricane threatens Fla., property insurers won’t issue new policies, so lenders won’t issue new loans. But the rules vary by insurer. ORLANDO, Fla. -Hurricane Elsa is the first 2021 storm to possibly hit Florida, but it doesn’t have to make landfall to impact real estate transactions scheduled

By ~ Meredith Caruso   The time for acceptance provision in Florida Realtors contracts hasn’t changed recently – but the market has. In a time when sellers often receive multiple offers in record time after listing their home, the time for acceptance provision can become important – and confusing. ORLANDO, Fla. – Articles in Florida

By ~Kerry Smith The average 30-year, fixed-rate mortgage has jumped over and under the 3% mark for months. This week it slid just below again, averaging 2.98%. MCLEAN, Va. – For weeks, the average 30-year mortgage rate has been hovering around 3% without much indication on when it might significantly change. This month’s mortgage report

The tight listing inventory has led to an uptick in phone calls asking homeowners if they’re interested in selling – but occasionally U.S. and state do-not-call laws are ignored. The Fla. Dept. of Agriculture says complaints are up 41% this year, and it wants all violations reported. ORLANDO, Fla. – Ann Sloan has no intention

By Christopher Rugaber The April Case-Shiller home price report found prices rising at their highest pace since 2005 , and the forces pushing prices higher offer “little evidence of abating.” WASHINGTON (AP) – U.S. home prices soared in April at the fastest pace since 2005 as potential buyers bid up prices on a limited supply

By Kerry Smith The consumer bureau’s acting director, Dave Uejio, says the foreclosure-ban end will “drain billions of dollars in wealth from the Black and Hispanic communities.” The rules require lenders to assertively help homeowners stay in their homes and understand their options. WASHINGTON, D.C. -The Consumer Financial Protection Bureau (CFPB) finalized amendments to the

By  Kerry Smith In addition to a foreclosure extension, owners with an FHA home loan now have forbearance extension options and can find help via FHA’s new outreach program. WASHINGTON -On Friday, the Federal Housing Administration (FHA) announced more measures (https://www.hud.gov/sites/dfiles/OCHCO/documents/2021-15hsgml.pdf) to help homeowners with FHA-insured mortgages who are struggling financially due to the COVID-19