Not a whole lot of movement this week, but the market actually reacted pretty well to the latest data. Jobless claims came in really low—like historically low, going all the way back to the late 1960s. That’s a strong sign the economy is still working, even with inflation sitting above 3% and oil prices staying higher. Because of that, the market liked what it saw and rates came down a bit.
Current Rates (No Points)
- Conventional: 6.125%
- FHA: 5.75%
- VA: 5.75%
- Jumbo: 6.75%
- DSCR: 6.875%
What stood out this week
There’s a new down payment assistance program that’s worth paying attention to:
- No income limit
- 640 minimum credit score
- Faster closings through the lender
That’s a pretty big deal. It opens the door for a lot of buyers who normally wouldn’t qualify, especially here in Pinellas where affordability is always a factor.
For buyers, rates dipping a bit + more flexible financing options = more opportunity. If you were close to qualifying before, it might be worth taking another look.
For sellers, this is the kind of environment that quietly brings more buyers back into the market. Strong job numbers and slightly better rates usually translate into more activity.
If you want to see what’s out there right now, you can browse homes here:
Pinellas County Homes for Sale
Or if you’re thinking about selling and want a realistic number on your home:
Adi Rakanovic, Realtor
Call or Text: (727) 858-7882
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