Rate, Home Price Growth Forecasts Lowered

Rate, Home Price Growth Forecasts Lowered

Fannie Mae now sees slower home price growth and slightly lower mortgage rates through 2026, with modest gains expected in overall home sales. WASHINGTON — Mortgage rates are expected to end 2025 and 2026 at 6.4% and 6.0%, respectively, downward revisions compared...
Insurance Reforms Stabilizing Florida Market

Insurance Reforms Stabilizing Florida Market

A Florida consumer group says recent reforms have reduced litigation, lowered Citizens’ policies and attracted new insurers, helping stabilize the market. TALLAHASSEE, Fla. — A consumer advocacy group tied to the Florida Chamber says property insurance reforms have...
Mortgage Rates Ease Slightly

Mortgage Rates Ease Slightly

By Alex Veiga The average rate on a 30-year mortgage slipped to 6.74% from 6.75% last week, while the 15-year rate dropped to 5.87% from 5.92% last week, Freddie Mac said. NEW YORK — The average rate on a 30-year U.S. mortgage eased this week, offering little relief...
Judge Rules in Favor of NAR in Eytalis Litigation

Judge Rules in Favor of NAR in Eytalis Litigation

By Eliana Block A U.S. District Court closes a case brought against the National Association of Realtors involving MLS access. WICHITA FALLS, Texas — A U.S. District Judge on Tuesday dismissed federal antitrust and state breach of contract and unjust enrichment claims...
June New Home Sales Hold Steady

June New Home Sales Hold Steady

Mortgage rates and affordability continue to challenge the housing market, keeping buyers hesitant and new-home sales sluggish despite builder incentives. WASHINGTON — Challenging affordability conditions, elevated interest rates and economic uncertainty continue to...
NAR: June Existing-Home Sales Down

NAR: June Existing-Home Sales Down

While existing-home sales dipped 2.7% nationally in June, median prices hit a record $435,300, reflecting continued equity growth for homeowners. WASHINGTON — Existing-home sales decreased by 2.7% in June, according to the National Association of Realtors®...