Mortgage Rates Fall to Lowest Level Since October

The average rate on a 30-year mortgage fell to 6.26% from 6.35% last week. Borrowing costs on 15-year fixed-rate mortgages slipped to 5.41% from 5.5%.

Insurers Get OK for Citizens' Policies

Ten insurers have been approved to assume up to 254,811 policies from Citizens under the depopulation program, aimed at shrinking the insurer of last resort.

NAR: Realtors Embrace AI, Digital Tools

AI and digital tools like eSignature, social media and drones are increasingly used in real estate, with clients responding positively, NAR finds.

Fed Cut May Slowly Ease Mortgage Costs

Mortgage rates have already dipped in anticipation of the Fed’s first rate cut since December. Further declines are expected to unfold over time.