The rate rose from last week's 4.42%, according to Freddie Mac, and slightly worsened affordability for homebuyers.
Banks have money to lend yet fewer applications, so one lender is qualifying borrowers with FICO scores as low as 500 and manually underwriting each loan.
A real estate pro's job is to guide buyers through the process – even if that means telling them to wait until they can afford the higher costs of homeownership.
As the recession ended, almost all Fla. cities were an investment opportunity. But now a handful of smaller cities see the most dramatic home price increases.
Deadline: 11 days. Fla.'s Realtors succeed only if members sign up and serve. Download and review committee descriptions and submit your application before May 1, 2018. http://www.floridarealtors.org//FARBusiness/FARCommittees/index.cfm
Only Congress can make major NFIP changes, but FEMA lifted some restrictions: Owners who go private no longer pay two bills, and insurers can offer both policies.
It's $150 to register now for 35 education sessions (5 CE and an NAR-approved ethics course) during the association's Aug. 8-9 convention in Orlando. Find out more now. http://convention.floridarealtors.org
USA Today interviewed Drew Scott who, along with his twin brother Jonathon, kicked off a mega-property-flipping business with $250. How did they do it?
Fear of missing out – or FOMO, according to millennials – has become a powerful motivator for young buyers to pursue homeownership, according to a BofA survey.
If the paint is peeling or the floor worn, it's time – but even okay-looking real estate offices may need work if they don't reflect the company's brand image.