Mortgage Rates Hit a 14-Month High. What Waiting Actually Costs Broward Buyers
Mortgage rates went the wrong direction again this week. Freddie Mac reported the 30-year fixed climbed to 6.76%, up from 6.71% the week before. Fifteen-year rates followed, up to 6.09% from 6.04%. Both numbers mark a third straight weekly increase, and the 30-year rate hasn't been this high since J
The Fed Just Told Broward Buyers Not to Bet on a Rate Cut
A lot of the buyers I talk to are holding out for one thing: mortgage rates coming down. It is the most common reason I hear for staying on the sidelines, from Davie to Weston to everywhere in between. Last week gave that plan a pretty direct answer, and it was not the one most people are hoping for
Buyers Stopped Waiting for Rates to Drop, and the Numbers Prove It
For the better part of two years, the advice circulating online has been consistent: wait. Wait for rates to come down, wait for prices to soften, wait for the market to give buyers a break. I hear it from clients constantly, usually right before they tell me they are staying on the sidelines for an
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