September 2025

Mortgage rates go wild following Fed rate cut and Powell remarks

Mortgage rates have had a wild ride since Fed Chair Jerome Powell started talking at the Fed press event Wednesday, rising 15 basis points today. However, I think the bond market responded appropriately after the Fed meeting, and on Thursday morning. Why? Even though the Fed lowered rates, the tone of the press conference was not overly dovish.  Additionally, economic data has shown improvement in...

Household income climbs in some big cities, outweighed by inflation in others

Household income in the U.S. rose slightly in 2024, but the picture looks very different depending on where you live. The national median income reached $83,730 last year, up 1.3% from 2023, according to a new report from online fintech company SmartAsset. That modest increase failed to keep pace with the roughly 3% inflation rate, meaning that many households effectively lost homebuying power. But...

Century-old Los Angeles homes that outshine any new build

Los Angeles is full of gleaming new mansions with walls of glass, infinity pools, and every gadget you can imagine. But while the latest builds might dazzle with square footage and tech, they often lack the kind of personality you’ll find in a home that’s been standing for nearly a century. For architecture lovers and history buffs alike, L.A.’s older estates offer something more enduring: a...

Federal Reserve Delivers First Rate Cut of 2025 as Mortgage Relief Proves Limited

The Federal Reserve lowered interest rates for the first time in nine months this week, trimming its benchmark federal funds rate by a quarter percentage point to a range of 4% to 4.25%. The widely expected move comes as policymakers seek to ease borrowing costs that have strained households and businesses across the economy. The decision, backed by Fed Chair Jerome Powell and 11 members of the Federal...

Florida Realtors builds e-sign tool available nationwide

Form Simplicity — a transaction management platform created and owned by Florida Realtors — has launched Sabal Sign, a fully integrated e-signature tool for its Ultimate Edition users nationwide. Sabal Sign provides unlimited signing sessions, mobile-friendly workflows and full compliance with U.S. electronic signature laws, eliminating the need for third-party services, Florida Realtors said....

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