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Mortgage rates fall to 5.10% in biggest drop since 2020

USA Real Estate News-Inman - 6 hours 27 min ago
Rates on a 30-year mortgage dropped from 5.25 percent to 5.10 percent on Thursday, the most dramatic drop in rates since April 2020, according to Freddie Mac.

Pending home sales hits slowest pace in nearly 10 years

USA Real Estate News-Inman - 6 hours 53 min ago
Pending home sales dropped 3.9 percent from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR.

Senate narrowly confirms Sandra Thompson to lead Fannie, Freddie regulator

USA Real Estate News-Inman - 9 hours 52 min ago
The 49-46 party-line vote followed a Republican leader's call to hold a referendum on the Biden administration’s "radical housing policy."
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