- 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.
- 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.
- Florida’s insurance market is rebounding, with rates stabilizing and Citizens' policy counts declining – progress proving reforms are working, CEO Tim Cerio said.
- 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.
- New legislation would prevent home buyers from being inundated with unsolicited calls, texts and emails from competing lenders offering loans.
- Rising home prices are driving Americans to choose smaller spaces and smarter, quality furniture that’s adaptable, durable and worth the investment.
- Florida's new condo law extends inspection deadlines and eases funding rules. Florida Realtors will soon release updated forms and host a June 30 webinar.
- Scam emails and texts look more convincing than ever so protect your data by using strong passwords and updating devices in a timely manner.
- Sales of newly built single-family homes declined 13.7% in May on elevated interest rates and economic uncertainty, said NAHB.
- Fed Chair Jerome Powell said interest rates will remain steady for now, citing a solid economy, easing inflation and concerns that prices will rise from tariffs.
- Blending indoor and outdoor spaces with lighting, flooring and focal points can create a cohesive, inviting environment that extends a home's living area.
- Millions of homeowners risk surprise tax bills on sale profits due to capital gains limits that haven’t changed since 1997, despite soaring prices.
- Consumers remain concerned about the economy, a new survey showed. Compared to May, more consumers were undecided about plans to buy big-ticket items overall.
- On a year-over-year basis, prices rose 3.0%, with the South Atlantic region up 1.6%. Monthly changes varied by region, from -1.3% to +1.2%, the FHFA said.
