Origination

The share of homes for sale with a price cut hit its highest level since 2010, but homebuyers are still reacting to rising prices and interest rates, according to Redfin.

Sales of single-family homes rebounded in October, a sign that higher mortgage rates may be compelling Houstonians to buy before rates go even higher, the Houston Association of Realtors said.

Frustrated by a lack of options and rising prices, many would-be home buyers in the Twin Cities took a breather last month. But with house listings in short supply in some areas, those who bought made swift decisions and strong offers.

October's rise in the supply of homes for sale could signal the housing market is getting closer to equal footing for buyers and sellers, according to Remax.

Rising interest rates are holding back existing homeowners from listing their properties, driving the gap between existing and potential sales even as that disparity narrows, First American Financial said.

Subprime originations are climbing in multiple consumer loan categories, including mortgages, but the increase is much smaller in the home loan sector than it is in other markets, according to TransUnion.

Confidence among homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve's debate over how far to raise interest rates.

The end of one-party rule in Washington could move the needle on efforts to devise a new housing finance framework.

Challenges will likely increase as interest rates rise and investors grow more concerned about a downward turn in the economic cycle.

Bank jumbo mortgage underwriting standards weakened in the third quarter by the most in three years and as profitability remains under pressure, loosening should continue at an accelerated pace, a Moody's report said.