Web Domain Listing Scam Targets NAR Members

Fraudulent mailers are circulating, purporting to help members register or renew .realestate or .realtor domain addresses, the association warns.

Long-Term Rates at Lowest Level Since Feb. 2023

The average rate on 30-year mortgages fell to 6.20% from 6.35% last week. A year ago, it was 7.18%. Rates on 15-year mortgages fell to 5.27% from 5.47%.

Housing Payments More Affordable

Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January. Pending home sales have yet to improve.

How Do Interest Rate Cuts Help Housing?

A Fed rate cut, expected in mid-September, could boost the housing market by indirectly lowering mortgage rates. Lower rates could stimulate supply and demand.