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.

Preliminary Approval of NAR Settlement Granted

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

Study: All-Cash Buyers Pay 10% Less

A new study shows sellers would rather leave money on the table and accept an all-cash sale than risk losing the sale completely because the mortgage falls through.