09/18/2026
Rates moved this week after some real news. The Fed raised its benchmark rate 25 basis points on Tuesday, its first hike since 2023, and mortgage rates followed: the 30-year fixed conforming rate sits at 7.047% as of this week, per our go-to lender's daily rate tracking.
Here in South Lake, the market barely blinked. The median home sold for $410,000 this month, homes are moving in a median of 40 days, and sellers are still landing 99.6% of their asking price. Compare that to Lake County as a whole (median $370,245, 43 days, 99% of asking) and South Lake keeps outperforming the county it sits in.
What this means if you're buying: rates ticked up, not dramatically, but the "wait for rates to drop" plan didn't get any easier this week. If you've been sitting on the sidelines hoping for relief, worth a real conversation about whether locking in now makes more sense than waiting on a cut that isn't guaranteed to come.
What this means if you're selling: homes here are still closing fast and close to full price. That doesn't change overnight just because a headline rate moved.
In local news, a new statewide report out this week shows Florida homeowners paid nearly $3 billion less for insurance in 2025 than the year before, real relief on one of the biggest hidden costs of owning here. Downtown Clermont's redevelopment keeps advancing, Groveland's putting $90 million into new water and wastewater infrastructure to back its growth, and Mascotte's new-construction pipeline keeps moving with Waterstone selling now and Heron's Glen in permitting.
This weekend, Clermont's got the Sips and Salsa Festival Saturday evening at the Waterfront Park and the Wizards and Wonders Market Sunday at the Arts and Rec Center, both worth a family outing.
Full breakdown, plus the link to subscribe to South Lake Insider Monthly, at the link in my bio.
