The average 30-year rate fell to 7.18% from 7.24% last week, while the 15-year rate dipped to 6.57% from 6.60%.

Seven additional counties are under Florida’s flooding emergency declaration. Florida Realtors’ Disaster Relief Fund is accepting applications from eligible members in the original seven counties.

Gov. Ron DeSantis plans to convene lawmakers before leaving office in January to implement Amendment 3. Approved by 62% of voters, the Florida Realtors-backed measure raises the homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028, excluding school district taxes.

Florida voters approved Amendment 3, backed by Florida Realtors, increasing the homestead exemption and lowering the assessment increase cap for non-homestead properties beginning in 2027. State and local officials will address implementation details.