National News: Week Behind May 28, 2021

Expect Mortgage Rates to Keep Climbing

Mortgage rates rose to 3% last week and are likely to continue to increase through 2021.

Contract Signings Fall as Market Awaits Inventory

A lack of inventory continued to chip away at pending home sales last month, but the home-buying craze is still very much going strong. April pending home sales fell 4.4% from March.

USDA Adopts Changes to Rural Loan Program

The latest updates are ones for which NAR has previously expressed support.

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