Mortgage Rates Climb for Fourth Straight Week

The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week. Costs on 15-year fixed-rate mortgages rose this week to 6.44% from 6.39%.

FTC Issues Final Rule Banning Non-Competes

The FTC’s rule will be effective beginning in mid-August. NAR is currently reviewing the rule and its impact and will provide updates.

Mortgage Rates Pleasantly Stable Despite Some Bond Market Weakness

The average mortgage lender was able to offer conventional 30yr fixed rates that were very close to yesterday's levels despite bond market movement that suggested a bigger spike.  In a vast majority of cases, if the bond market is in weaker territory compared to the previous day, rates will be

Preliminary Approval of NAR Settlement Granted

MLSs and brokerages seeking to be released under the settlement agreement must act by June 18, NAR said.