Lawmakers are reviewing further cuts to the state lease tax, already slated for a reduction from 4.5% to 2% in June. The tax reduction is one of Florida Realtors’ legislative priorities.
Buyers seeking a lower mortgage rate don’t have to just wait for a market adjustment. Instead, they can make changes in their personal finances that could help.
For the first time since Fannie Mae began its national housing survey (in 2010), a larger share of consumers believe mortgage rates will decrease over the next year, rather than increase.
The average long-term rate remains in the mid-6% range, Freddie Mac said. The rate on a 15-year fixed-rate mortgage, popular for home refinances, fell to 5.90% from 5.94% last week.
The new regulation would require real estate professionals to report all-cash residential purchases to combat money laundering. A final decision isn’t expected for months.
The Federal Emergency Management Agency (FEMA) is urging Florida homeowners to protect themselves from strong storms, even though hurricane season starts June 1.