Rates at Lowest Level in More Than a Year
The average 30-year mortgage rate fell to 6.19% from 6.27% last week, while 15-year rates dropped to 5.44% from 5.52% last week.
Florida Home Sales Up, Prices Leveling in Sept.
Florida Realtors Chief Economist: Driven in part by recent lows in mortgage rates, Sept. existing single-family home sales up 13.6% YoY; condo-townhouse sales up 8%.
Insurance Reforms Return $1B to Drivers
Progressive will issue refunds to its Florida auto policyholders, averaging $300 each, after insurance reforms cut losses. Other major insurers may soon follow.