President Donald Trump is expressing confidence that Congress will be able to pass landmark bipartisan housing legislation despite disagreement between the House and the Senate over certain provisions. The housing legislation has been a point of interchamber contention. Last week, the House released an amended version of the 21st Century ROAD to Housing Act, housing legislation that already passed the Senate overwhelmingly, but that lawmakers in the House and several outside stakeholders had big issues with.

Growing concern over the trajectory of the war with Iran has bond yields rising and mortgage rates following suit. The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%, according to Mortgage News Daily. That is the highest level since July 31. Rates are now up 33 basis points in just the last 10 days and are 46 basis points higher than their recent April low of 6.29%.

House hunters planning to move this summer may not need as much cash for a down payment—a welcome break for buyers finally catching a bit of good luck. A new report from Realtor.com economists shows the median down payment fell to $23,400 in the first quarter of 2026—down 19% from a year earlier and marking the lowest level in four years. The shift signals that buyers don’t necessarily need the biggest down payment to make the winning bid.

More than 17,000 people were under evacuation orders in Southern California on Tuesday as a wildfire threatened suburban homes. The wind-driven Sandy Fire was reported Monday in the hills above Simi Valley, about 30 miles (48 kilometers) northwest of Los Angeles.

Blake and Beth Horio bought a home in 2022 in a Henderson, Nev., community thinking it would be an ideal place to retire. But soon, cracks began spreading across the ceilings. Their sliding glass doors wouldn’t open. Their foundation sank several inches, leaving a gap underneath the house.