Mortgage Rates Ease for Second Week

The rate on 30-year mortgages fell to 6.95% from 6.96% last week, Freddie Mac said. Rates on 15-year mortgages fell to 6.12% from 6.16% last week.

Pending Home Sales Fell 5.5% in December

All four U.S. regions saw month-over-month transaction losses, NAR’s chief economist said. High mortgage rates haven’t reduced demand, thanks to more cash deals.

Redfin: Typical Home Sells in Nearly 2 Months

Homes are taking longer to sell largely because housing costs are so expensive and there’s a limited supply, Redfin said. It’s the slowest pace in 5 years.

Another New Insurer Enters Florida Market

Mangrove Property Insurance marks the 11th insurer entering the market since the legislative changes. Florida has more than 7.55 million residential policies.