Anthony Acevedo Anthony Acevedo

Mortgage Rates Move Lower, Down to 2.73%

The average 30-year, fixed-rate mortgage dropped from last week’s 2.77%. A Freddie Mac economist attributes it to a new administration and COVID-19 “malaise.”

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Anthony Acevedo Anthony Acevedo

Love Letters or Liability Letters?

Buyer love letters are a tactic used by some buyers in an attempt to stand out to a seller, especially in hot markets with low inventory and bidding wars.

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Anthony Acevedo Anthony Acevedo

Florida’s Housing Market: Strong Gains in December

Florida Realtors® Dec. data: More closed sales (single-family sales up 21%, condo-townhouse sales up 27.7%), more new pending sales, higher median prices and more new listings year-over-year. Chief Economist O’Connor: Higher pending sales “strongly signal” higher closed sales into 2021.

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Anthony Acevedo Anthony Acevedo

DeSantis Provides Details on Federal Rental Assistance Program

Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Florida will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”

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