Tampa Bay builders are offering mortgage rate buydowns into the 3% range and tens of thousands in closing-cost help, and it’s reshaping who wins when resale sellers list next door. Here’s what the numbers mean for St. Pete and Pinellas County.
Category Archives: Mortgage Rates
Mortgage Rates Hit a One-Year High. St. Pete Inventory Hit a Decade High. Here’s Who Wins.
Mortgage rates just hit a one-year high while St. Pete inventory hit a decade high. Here’s what the collision of rising rates and rising supply means for Tampa Bay buyers and sellers right now.
Mortgage Rates in Spring 2026: Why They’re Finally Giving Buyers a Little Breathing Room (and What It Means for Tampa Bay)
If you’ve been watching the housing market in St. Petersburg, Pinellas County, or anywhere in the Tampa Bay area, you’ve probably noticed one big question on everyone’s mind: What’s happening with mortgage rates? The good news? Rates have come down from the peaks we saw in 2023–2025 and are now hovering in the low-to-mid 6% […]
How to Buy a Home in 2024 Despite High Mortgage Rates: Expert Strategies for Homebuyers
Buying a home in 2024 comes with its challenges—most notably, high mortgage rates. With interest rates still elevated, many prospective buyers are wondering if it’s even possible to buy a home without breaking the bank. While these conditions may feel daunting, the right strategies can help you secure a home that fits your needs and […]
Understanding Mortgage Interest Rates Over the Past 30 Years
Mortgage interest rates have always been a crucial factor for homebuyers, influencing their purchasing power and the overall cost of homeownership. Over the past three decades, these rates have seen significant fluctuations, reflecting broader economic trends and policy changes. Today, as we see rates around 6.9% for a 30-year fixed mortgage, it’s helpful to put […]
Mortgage Rates on a Steady Decline: A Positive Turn for Homebuyers
In a welcome development for potential homebuyers, mortgage rates in the United States have continued their downward trajectory, reaching a four-month low. According to a recent report by Alex Veiga, the average rate on a 30-year mortgage dropped to 7.03%, down from last week’s 7.22%. This marks the sixth consecutive weekly drop in rates, providing […]
Let’s explore the impact of the Federal Reserve’s interest rate actions on real estate prices and how it ties into the historical cycle of rate hikes and recessions.
Will the FED rate hikes push the US into a recession? Will the FED reduce rates this year or early 2024 and what will happen to the housing market in FL
Jan 2019 interest rates
Jan 2019 mortgage interest rates The market continues to favor home buyers when it comes to mortgage rates! We’ve seen the conventional loan interest rates for 30-year loans drop to around 4.375% to 4.5% range and 15-year mortgage rates fall to 4% to 4.125% range on average depending on credit score and lock period (30-45 days […]
Jumbo loans loom large in luxury housing
Jumbo mortgages are providing the housing market recovery with a boost, according to industry experts. Buyers looking at luxury properties currently can obtain jumbo mortgages with interest rates that are on par with – and sometimes even lower than – conventional loans. Moreover, the new qualified mortgage regulations (QM) don’t apply to jumbos, which makes […]
A guide to administration’s new mortgage-refi plan
WASHINGTON – Oct. 25, 2011 – Two big questions loom over the Obama administration’s latest bid to help troubled homeowners: Will it work? And who would benefit? By easing eligibility rules, the administration hopes 1 million more homeowners will qualify for its refinancing program and lower their mortgage payments – twice the number who have […]