The average 30-year mortgage rate climbed to 7.28%, its sixth straight weekly increase and highest level since November 2023. The 15-year rate rose to 6.60%.

A new survey found 77% of recent buyers exceeded their initial budgets, while some accepted fewer bedrooms, smaller yards or different locations.

Agents and buyers may see both old and new appraisal formats during the transition. An Oct. 16 Florida Realtors webinar will explain the changes.

A 55-plus designation doesn’t guarantee a home is designed for aging in place, making property features and community amenities important considerations for buyers.