The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%.
Renovations can increase a home's value and make it a more comfortable living space. One of the signs it's time to renovate could be the age of the home.
Home sales fell in March with rising mortgage rates, analysts said. The supply of homes on the market remains below the historical average.
Researchers said rent prices nationwide are becoming more balanced. In some areas of Florida, rental costs have declined slightly.
One economist said gas prices likely contributed to the decline. Most expect consumer spending to remain healthy as long as the job market holds steady.
Don’t jeopardize your chances of getting your dream home after getting preapproved for a mortgage by taking out new lines of credit or other missteps.
The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities.
