Mortgage rates have already dipped in anticipation of the Fed’s first rate cut since December. Further declines are expected to unfold over time.
Ten insurers have been approved to assume up to 254,811 policies from Citizens under the depopulation program, aimed at shrinking the insurer of last resort.
The average rate on a 30-year mortgage fell to 6.26% from 6.35% last week. Borrowing costs on 15-year fixed-rate mortgages slipped to 5.41% from 5.5%.
U.S. housing starts fell 8.5% as affordability slowed single-family construction, but lower interest rates may boost future building.
The Federal Reserve cut its key rate to 4.1% and projected two more cuts this year as job growth slows and unemployment ticks higher.
Realtor.com’s report shows the U.S. market peaks Oct. 12–18 for buyers, while Florida’s best deals arrive late Oct.–Dec. with more listings and lower prices.
At the Florida Realtors Convention, Chief Economist Brad O’Connor said home sales remain slightly below last year's while prices stay well above pre-pandemic levels.
Florida law allows one year to start a storm claim. Helene deadline is Sept. 26, 2025. Milton deadline is Oct. 9, 2025. Supplemental claims get 18 months.
Homebuyers are gaining leverage as sellers cut prices, offer concessions and listings linger, though affordability challenges keep sales near historic lows.
Builder sentiment remained unchanged in September. Lower mortgage rates and a possible Fed rate cut lifted future sales expectations, while more builders cut prices.
