HELOC Balances Surpassed $45,000 in 2024

HELOC balances rose 7.2% nationwide in 2024 as more homeowners tap equity amid high mortgage rates and limited refinancing options.

Appraisals Will Look Different Soon

Over a 14-month period starting in September, lenders are phasing in new appraisal reporting for all GSE-conforming loans.

Florida Consumer Sentiment Rebounds

After three months of decline, Floridians grew more optimistic in May, with stronger confidence in making major purchases and in the future of the U.S. economy.

Time to Stop Worrying About Mortgage Rates

Rather than waiting for rates to drop, buyers should be looking at all monthly costs to get a picture of what they can afford, says NAR’s deputy chief economist.