U.S. Mortgage Rates Drop, Lowest Since Early May

Rates on 30-year mortgages fell to 6.77% from 6.81% last week, while 15-year rates dropped to 5.89% from 5.96%, Freddie Mac said.

Pending Home Sales Increase 1.8% in May

NAR: Pending home sales rose 1.1% year-over-year. The West led monthly gains, while the Midwest and South grew yearly. Rates still drive buyer decisions.

Citizens’ CEO: Florida Insurance Market Strong

Florida’s insurance market is rebounding, with rates stabilizing and Citizens' policy counts declining – progress proving reforms are working, CEO Tim Cerio said.

FICO Adds Buy Now, Pay Later to Credit Scores

FICO will add buy now, pay later loans to credit scores, a move that could affect mortgage applicants as lenders begin factoring in the new credit data.