Average US rate on a 30-year mortgage slips to 8-week low after fifth-straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the fifth week in a row to its lowest level since late December, a welcome boost for prospective homebuyers in what's traditionally the busiest time of the year for home sales. The average rate fell to 6.85% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.9%.
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Dubai hosts 'PropTech Connect 2026' the world's largest conference and exhibition for real estate technology
The first event of its kindThis first-of-its-kind event will bring together an elite group of relevant leaders, investors, and property tech companies. Dubai's hosting of this event reaffirms its pioneering role in realising the leadership's vision to establish it as the city of the future and a global digital economy. The emirate continues to adopt state-of-the-art digital solutions to enhance market transparency, improve operational efficiency, and support sustainable real estate growth.
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Legislation to eliminate all funding for CFPB introduced in House, Senate
Legislation that would eliminate all funding for the CFPB has been introduced in the House and Senate, with the main House sponsor now calling for the bill to be placed on a fast track by including it in budget reconciliation. Rep. Keith Self, R-Texas, has introduced H.R. 814 and Sen. Ted Cruz, R-Texas has introduced S. 303. A federal judge temporarily has blocked the Trump Administration from dismantling the bureau.
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Title Insurers Stand In the Way of More Affordable Housing
Title insurance, for one, can cost a homebuyer an average upwards of $2,000. But less than 5 percent of the total premiums collected by title insurers actually go toward paying claims, while a whopping 70 percent ends up in the hands of agents, according to an analysis conducted by the U.S. Government Accountability Office. The primary driver of the expense of title insurance is labor, which the title industry says is essential for conducting record searches that will prevent consumers from suffering losses.
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TDI lowers title insurance rates, saving homebuyers money
The [Texas] Commissioner of Insurance has ordered a decrease in title insurance rates statewide. The 10% reduction will take effect later this year. Cassie Brown, the state insurance commissioner, said the reduction will save Texas consumers an estimated $238 million a year in title premiums.
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Ruth Mares retires after 43 years at Territorial Title
Ruth Mares, a dedicated member of the community, is bidding farewell to her career after 43 years of service at Territorial Title of Las Vegas, NM. She embarked on her professional journey in 1981, starting as a receptionist and ascending to the position of owner through her unwavering dedication to the title industry and exceptional leadership.
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