It’s the fifth weekly increase in a row. Last week, the 30-year, fixed-rate loan averaged 6.65%. One year ago, it was 3.85%.

A major housing bill strongly backed by Florida Realtors passed the Fla. Senate Wed. The House may suggest changes, but it’s a good start early in the 2023 session.

If homeowners with an FHA loan default, they may still be able to keep the house through a mortgage modification, which now includes a 40-year option.

In 4Q 2022, builders found a “persistent shift in buyer preferences to live outside of densely populated areas” with the share of new urban homes dropping to 44.5%.