The Wealth Group in Yahoo News with the sale of a $30M Caribbean island.

At 6.09%, the 30-year, fixed-rate loan moved even closer to 5%. It’s down from last week’s 6.13% and almost a point lower than highs of 7.08% reached in Oct.

Deep-pocketed buyers came back to South Florida in April after a slowdown in residential transaction since December.

Knight Frank forecasts market prices to jump 5% next year

The Fed’s ongoing inflation fight—which saw mortgage rates spike from 3% to 6% in 2022—has set off the second biggest home price correction of the post-WWII era.