Mortgage rates

Home sales in Volusia and Flagler counties in Florida declined in April, but prices continued to rise, area Realtors' associations reported.

Mortgage rates declined this past week, further continuing to help attract previously reluctant buyers back into the purchase market, according to Freddie Mac.

Sales of previously owned homes fell in April by the most since mid-2010 as the coronavirus hollowed out demand across the country at the start of the key spring selling season.

From the Midwest to mid-Atlantic, here's a look at 12 housing markets where first-time homebuyers find the most affordability, according to NerdWallet.

Mortgage applications decreased 2.6% from one week earlier, as tighter underwriting drove the refinance index to its lowest level since March, according to the Mortgage Bankers Association.

The Mortgage Bankers Association's forecast anticipates tremendous coronavirus stimulus-related debt coming on to the market.

Homebuilder sentiment rose in May by more than forecast following a record slump a month earlier as a pickup in sales and demand expectations pointed to stabilization in the real estate market.

While most work activities were halted in April to reduce the spread of the coronavirus, people continued to buy and sell real estate.

The economic contraction will keep mortgage rates low for the foreseeable future.

Mortgage rates remained generally steady this past week, even with the continuing market volatility, and that is helping the purchase market, according to Freddie Mac.