Blog

30-Year Mortgage Rates approach 7%

If you're in the market for a new property, now is the time to act. Interest rates are steadily rising, and the average rate on a 30-year, fixed-rate mortgage rose for three weeks in a row. Currently at 6.96% up from the previous week’s average 6.90%. The lack of housing inventory is making it more…

June 2023 Market Update Palm Beach County

The June 2023 Market Update indicates that the amount of inventory available in June increased, with the supply of inventory compared to the same time last year now at 3 months, which is a 30.4% rise from June 2022. The median sale price has remained mostly steady, with only a 0.8% increase since 2022, putting…

May 2023 Palm Beach County Market Update

Florida Realtors® has recently released the much-anticipated market reports for May 2023, providing valuable insights into the current real estate landscape of Palm Beach County. These comprehensive reports analyze and compare year-over-year data, shedding light on the latest trends and developments. Let's delve into the statistics concerning single-family homes, offering a glimpse into the local…

Mortgage rates hit a 7-month high last week after three increases. Mortgage buyer Freddie Mac said Thursday the average rate on benchmark 30-year home loan fell to 6.71% from 6.79%. You can read the full article here: Mortgage Rates Ease Back - Click Here Get Approved 1% Down Citizens Insurance sees drop in new lawsuits…