Mortgage Rates Spike in Response to Fed

Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement itself, the summary of economic projections (SEP), and the press conference.  Within the SEP, there is the d

Florida home sales rise for ninth straight month

Florida home sales rose again in May, continuing a nine-month streak of year-over-year gains. The data gives Realtors a useful way to talk with buyers and sellers about timing, pricing and how local conditions are shaping activity.

NAR, NAHB weigh in on disaster recovery reforms

NAR and NAHB are urging federal officials to keep disaster response and flood insurance programs strong while making aid faster and easier to use. The groups support quicker mitigation funding and NFIP modernization but warned that some proposed FEMA changes could limit recovery help for homeowners

Fed meeting could shift rate outlook

The Federal Reserve is expected to hold its key interest rate steady today as new Chair Kevin Warsh leads his first policy meeting. The Fed does not set mortgage rates directly, but its outlook can influence borrowing-cost expectations. If policymakers signal fewer rate cuts ahead, buyers may need t