Mortgage rates

Pending home sales rose in July by more than forecast to the highest level since 2005, signaling the housing market’s sharp recovery will continue with borrowing costs to stay low for the foreseeable future.

Many mortgage companies are hoping to operate remotely through year-end and are asking regulators for relief to that end.

Mortgage rates decreased by 8 basis points this week, remaining near record lows, while a strong purchase market should continue into the fall, according to Freddie Mac.

With mortgage rates and housing inventory both at all-time lows, the majority of consumers would overshoot their budgets for the right home without accounting for future costs, according to LendingTree.

In the list of numbers summing up the Bakersfield, Calif., single-family home market last month, one figure better than any other explains why buyers are bidding up prices lately.

Like much during the pandemic, the latest news on home prices inspires a definite sense of deja vu.

New-home sales jumped to the highest level in almost 14 years in July as low mortgage rates helped fuel a suburban construction boom.

Record low mortgage rates helped make last month the best July on record for home sellers in the Twin Cities with sales — and prices — up double-digits.

Fresno is one of the more affordable markets compared to the rest of the state, where the median home value is $258,502 with a rent of $1,395, while the average price across California is $578,267 with a median mortgage of $2,775.

As swelling demand constricts inventory to record-low levels, home price growth cuts into the purchasing power afforded by plunging interest rates, according to First American.

Home prices in San Diego County blew past previous records to hit an all-time high of $634,000 in July.

As interest rates tumbled throughout July, prepayments climbed to the highest monthly rate since 2004, but 90-days-or-more delinquencies were on the rise from June, according to Black Knight.

Sales of previously owned homes surged by the most on record in July as lower mortgage rates continued to power a residential real estate market that's proving a key source of strength for the economic recovery.

Uncertainty over the economy, the pandemic and politics are keeping existing owners from listing their homes.

The higher charge on mortgages refinanced through Fannie Mae and Freddie Mac is supposed to cushion against a crisis but could contribute to one as the fees are passed on to struggling consumers.

Mortgage rates crept up this week, nearly reaching the 3% mark as lenders raised prices because of a new fee, although purchase activity remained solid, according to Freddie Mac.

With mortgage rates tumbling near 3% in the second quarter, refinance originations spiked 400% in some housing markets, pushing overall volume to its highest point since 2009, according to Attom Data Solutions.

The coronavirus continued reshaping the Bay Area housing market last month, as demand for homes was weakest in San Francisco and strongest in the North Bay as buyers untethered to an office sought more space.

When you're quarantined inside your home with no place to go, the walls around you take on a whole new meaning.

Houston-area new-home sales volume and prices continued on an upward track in July for the second straight month as mortgage rates fell to historic lows.