Congress Moves Forward on Housing Reform
A broad housing bill passed the U.S. Senate to boost supply and curb investor activity. The measure now returns to the House before it could reach the president.
NAR Applauds Senate Housing Bill Passage
NAR’s Shannon McGahn said passage of the ROAD to Housing Act helps address the housing shortage. The bipartisan bill now moves to the House and the president.
Global Tensions Lift Mortgage Rates
The average 30-year mortgage rate rose to 6.11% and the 15-year to 5.5% on market volatility pushing borrowing costs higher as the spring homebuying season begins.
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