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Florida Realtors® News

Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as The Voice for Real Estate® in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 67 boards/associations.
  1. Long-term mortgage rates climb again - to 4.40%
    The average rate for a 30-year fixed-rate mortgage hit its highest point since April 2014 and moved marginally higher from last week's average 4.38%.
  2. IRS: Some home equity loans are still tax deductible
    In a response to "many questions," the IRS ruled that secondary home loans - equity loans, home equity lines of credit and second mortgages - are still deductible after tax reform if borrowers use the funds for home improvements.
  3. Buyers using escalation clauses to win bidding wars
    An escalation clause can help buyers pay the minimum amount needed to outbid other offers, but paying a higher price could affect their mortgage options.
  4. QandA: Can a board president thwart sale of your co-op?
    A board president owns most units in a co-op and offers an owner less-than market value with a threat to disapprove any other potential buyers. Can he do that?
  5. Fed: Stronger economy boosts chance for March rate hike
    Notes released from a Jan. meeting suggest that the Fed will increase interest rates - which directly impact ARMs and indirectly FRMs - more often in 2018.