Mortgage rates fell this week, but future movement may depend less on the Federal Reserve’s latest decision and more on how clearly the central bank signals its next steps. Inflation, steady employment and possible changes in Fed communication could make rate expectations harder for borrowers to read.
The average long-term U.S. mortgage rate fell to 6.47% this week, while the 15-year fixed rate dropped to 5.81% – tracking Treasury yields that have retreated since a deal to end the war with Iran was announced.
The Florida Realtors Education Foundation Inc. awarded $1,000 scholarships to Florida students pursuing higher education in the 2026-2027 school year. Since the program began, it has awarded more than $3.2 million to help 2,426 students.
Florida’s condo-townhome market posted stronger year-over-year sales activity in May, with closed sales up 6.6% and new pending sales up 9%, according to Florida Realtors data. Chief Economist Dr. Brad O’Connor said the pending-sales gain means the category’s nine-month streak of higher closed sales is likely to continue into June.
Street ownership determines how far an HOA's parking rules reach — and knowing to ask that question before closing is exactly what sets a Realtor apart.
The Federal Reserve held its benchmark rate steady Wednesday as policymakers showed growing concern about persistent inflation. New projections marked a shift from March, with several officials now expecting at least one rate hike this year.
New pending sales rose year over year in May, according to Florida Realtors data. Single-family pending sales increased 4.8%, while condo-townhouse pending sales rose 9%, offering an early signal of summer buyer activity as mortgage rates continue to shape the market outlook.
NAR and NAHB are urging federal officials to keep disaster response and flood insurance programs strong while making aid faster and easier to use. The groups support quicker mitigation funding and NFIP modernization but warned that some proposed FEMA changes could limit recovery help for homeowners after major storms.
Florida home sales rose again in May, continuing a nine-month streak of year-over-year gains. The data gives Realtors a useful way to talk with buyers and sellers about timing, pricing and how local conditions are shaping activity.
Florida TaxWatch expects the state to keep adding residents, a long-term signal for housing demand, inventory and local market needs.
