The average 30-year rate fell to 7.18% from 7.24% last week, while the 15-year rate dipped to 6.57% from 6.60%.
Gov. Ron DeSantis plans to convene lawmakers before leaving office in January to implement Amendment 3. Approved by 62% of voters, the Florida Realtors-backed measure raises the homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028, excluding school district taxes.
Seven additional counties are under Florida’s flooding emergency declaration. Florida Realtors’ Disaster Relief Fund is accepting applications from eligible members in the original seven counties.
Florida voters approved Amendment 3, backed by Florida Realtors, increasing the homestead exemption and lowering the assessment increase cap for non-homestead properties beginning in 2027. State and local officials will address implementation details.
Florida Realtors opened its Disaster Relief Fund to assist eligible members with home or office damage after heavy rain and flooding prompted a state of emergency in seven counties.
Floridians grew more optimistic about the economy’s future in October, but weaker views of current finances suggest affordability remains central to customer conversations.
Disaster unemployment assistance applications are open through Dec. 28 for eligible workers, including self-employed individuals, affected by Hurricane Isaias in eight Panhandle counties.
The state's business locations grew 21.8% from early 2020 to early 2026, with professional services expanding and more firms moving into the state than leaving.
Federal assistance has been approved for northwest Florida communities affected by Hurricane Isaias as potential insured losses reached $652 million. Individual assistance and hazard mitigation funding remain under review.
The average 30-year fixed mortgage rate declined to 7.24%, its lowest level in more than a month, Freddie Mac said. The 15-year rate fell to 6.60%. Both remained above year-ago levels.
