The average 30-year rate fell to 7.02% from 7.09% last week. Borrowing costs on a 15-year mortgage fell to 6.28% from 6.38% last week.
Homeowners should be prepared to secure their dwellings when a hurricane or tropical storm threatens. Hurricane season starts on June 1.
Buyers have a wider selection of homes to choose from today than a year ago, but rising mortgage rates remain a hurdle for many.
Tampa and Jacksonville saw rents surge more than three times quicker than wages in the past four years, according to Zillow.
The pace of housing starts was 17.7% higher than a year ago, but still insufficient to meet the demand, experts say. Higher rates have stymied homebuilding.
To find a steady flow of leads, begin by targeting a neighborhood, becoming familiar with the community and marketing yourself.
Investors, who account for 19% of homes sold in Q1, have come off the sidelines faster than individual buyers, Redfin said.
