Mortgage rates

Sales of previously owned homes rose in June for the first time in four months as the economy reopened more broadly from coronavirus-related shutdowns and buyers took advantage of record-low mortgage rates.

Mortgage applications increased 4.1% from one week earlier as consumers continued to pursue both purchases and refinancings even as conforming rates rose from their record lows, according to the Mortgage Bankers Association.

Planet Home Lending took advantage of coronavirus volatility and low mortgage rates to increase its funding volume.

Issuers approved for the program will receive written authority to use "digital collateral" for a limited number of securitizations.

After taking a deep dive in March and April due to the pandemic, housing sales throughout the Twin Cities rebounded in May, coming back strong to even make up lost ground.

Home construction starts rose 17% in June, with builders ramping up production as lockdowns eased.

Buyers in metro Denver who expected to have an easier time snagging a discounted home given all the economic turmoil may need to recalculate.

The surge of COVID-19 cases in much of the nation put a hold on reopening the economy, adding risk to the housing market, First American said.

After two months of declines in the coronavirus pandemic, the Boise, Idaho, area housing market rebounded in June with a 3.4% increase in homes sold compared with June 2019.

Mortgage rates slid further this week, as the conforming 30-year fixed loan fell below the 3% mark for the first time in the 50 years Freddie Mac has tracked this information.

The South Florida housing market is experiencing its highest overvaluation in eight years. Still, a housing crisis is unlikely, one expert said.

The rise in late and suspended payments following the coronavirus outbreak in the United States may have helped the FHA realize it's high time to improve the process.

Property owners are taking a wait-and-see approach, possibly because of economic uncertainty.

After steep declines in April and May, North Texas home sales rebounded in June. Area real estate agents sold 16% more single-family homes than in June of 2019.

The current refinancing boom might seem like the worst time to buy leads, but for some, it may be the best.

Mortgage rates continued their slide, with the conforming 30-year fixed at its closest point ever to breaching the 3% mark, according to Freddie Mac.

While very low inventory prevented a full market recovery, pricier home listings only trail year-ago totals by 9.2%, according to Zillow.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.

Homebuyers in metro Denver made up for lost time in June, closing on 5,581 homes and condos and putting another 7,676 under contract, according to the Denver Metro Association of Realtors.