U.S. Mortgage Rates Drop, Lowest Since Early May
Rates on 30-year mortgages fell to 6.77% from 6.81% last week, while 15-year rates dropped to 5.89% from 5.96%, Freddie Mac said.
Rising Home Costs Shift Furniture Trends
Rising home prices are driving Americans to choose smaller spaces and smarter, quality furniture that’s adaptable, durable and worth the investment.
FICO Adds Buy Now, Pay Later to Credit Scores
FICO will add buy now, pay later loans to credit scores, a move that could affect mortgage applicants as lenders begin factoring in the new credit data.
Congress Moves to Curb Trigger Leads
New legislation prevents home buyers from being inundated with unsolicited calls, texts and emails from competing lenders offering loans.
Citizens’ CEO: Florida Insurance Market Strong
Florida’s insurance market is rebounding, with rates stabilizing and Citizens’ policy counts declining – progress proving reforms are working, CEO Tim Cerio said.
Pending Home Sales Increase 1.8% in May
NAR: Pending home sales rose 1.1% year-over-year. The West led monthly gains, while the Midwest and South grew yearly. Rates still drive buyer decisions.