The Greater Tampa REALTORS® (GTR) Board of Directors is pleased to announce the appointment of Jason Outman, CDME, CASE, as Chief Executive Officer (CEO). Outman will replace Carol Austin, who has served as Interim CEO during the search, on April 5, 2023. The Board of Directors is confident that Outman’s leadership and association management skills…
Silicon Valley Bank collapsed last week, the second largest collapse we have seen since 2008, causing a shakeup in mortgage rates. Mortgage rates were steadily increasing but on Thursday they fell to 6.42% from 6.6% and 7% two weeks ago. Due to higher mortgage rates, homeowners are paying 30% more in monthly mortgage payments since…
Following several weeks of steady declines, mortgage rates continue to rise each week as consumer prices soar. This week, the 30-year mortgage rate rose to 7.4% from 6.73% the week before and 6.64% the week prior. 2023 was off to a strong start as people returned from holiday vacations and rates declined but as rates begin…
Two weeks ago, mortgage rates had been on a steady decline inching closer to 5% at 6.09%. Since, rates have risen to 6.32% – the highest rate in five weeks. The average rate one year ago was 3.92%. Check out the Housing Market Tracker data from the second week of February. Earlier this month, the…