The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing. more »
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Entry-level home values rose at double the rate of top-tier homes over the past year, according to Zillow.
For the first time, Ginnie Mae has edged out Freddie Mac as the second largest securitization platform.
Ten banks have invested a total of $25 million in the fund, which buys up mortgage-backed securities tied to loans made for the development or rehabilitation of affordable single- and multi-family homes.
Steve Victor, a 33-year-old IT contractor from London, says he's pulling out of the purchase of a new four-bedroom home in the town of Bedford after Britain voted to leave the European Union.
The median price of a Marin County, Calif., home jumped to a record high $1.2 million last month, up 8% from the previous May.
A popular narrative of the housing market has been that big city prices are locking out young buyers, feeding a cycle in which a growing number of people are forced to rent at ever higher rates as demand overwhelms supply.
Mortgage professional hiring and new job appointments for the week ending June 24.
Chicago-area home prices continue to rise moderately as tight supply pushed the median home price in May up 6.1% over the previous year, according to Illinois Realtors.
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