Longer-term interest rates, such as mortgages, have largely priced in this latest increase and are not expected to have much of a reaction to the news.

The 48-unit luxury condominium community is expected to open in third quarter 2028. 

The increase in purchase activity offset a decrease in refinancings. 

The updated underwriting guidelines have caused consternation among many in the housing industry. 

The uptick was driven by a slight dip in mortgage rates. 

The increase was driven by refinancing activity as purchase applications dipped. 

Julio Silva is the top-transacting Latino mortgage originator in South Florida, according to the annual Top 250 ranking from the National Association of Hispanic Real Estate Professionals.

Over 138 of the branded residences have already been sold. 

The rate passed the important psychological boundary just as the spring buying season is set to begin, Freddie Mac said. 

The Fed said that while economic activity has been expanding at a solid pace, job growth has remained low, and inflation is “somewhat elevated.”  

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Smith will split his time between Rate’s offices in Chicago and South Florida.   

The move was expected, but came amid increasing dissention among Fed officials, who voted for the cut by the sharpest division in six years.

As part of the relaunch, Rate announced the results of a study it conducted, which found almost seven in 10 homebuyers said homeownership keeps them up at night. 

Fannie Mae also reduced its forecasts for home sales in 2025 and 2026. 

Rate has launched the first fully integrated Spanish-language mobile app from a U.S. mortgage lender.