Mortgage Rates Slide to 3-Month Low

The rate on a 30-year mortgage fell to 6.77%, the lowest level since March, from 6.89% last week. Rates on 15-year fixed-rate mortgages fell to 6.05% from 6.17%.

Mortgage Applications Up After 4-Week Decline

New mortgage application activity grew nearly 4%. Refinance applications jumped 15% to the highest level since August 2022 as rates slowly decline.

Upcoming Changes to Septic Systems in Florida

Realtors in Florida should understand changes to the state septic system policies so they can advise customers before, during and after real estate transactions. 

Changes Coming to Automated Valuation Models

Mortgage lenders face new rules to ensure AI appraisals don’t build in flaws to produce faulty or discriminatory estimates against borrowers.