Mortgage rates

Mortgage rates remained relatively flat this week, as yields for the benchmark 10-year Treasury spiked at the start of the period before dropping, according to Freddie Mac.

Northeastern Minnesota home sales have been on a tear this summer despite a relative scarcity of listings.

Mr. Cooper plans to hire an additional 2,000 employees by the end of this year as record low interest rates spur home purchases and mortgage refinancings.

But federal elections and the pandemic make projections on the sustainability of industry profitability especially tricky.

Millennials locked in the lowest mortgage rates on record and kept the summer housing market hot, according to Ellie Mae.

Home prices continue to accelerate in Southwest Florida, but at a slower pace than the state and the nation.

Driven by robust purchase demand and tight housing supply, housing price growth reached a two-year high in July, according to CoreLogic.

Tight inventory and unstoppable buyers pushed Bay Area median home prices higher in July, ignoring the economic drag of the pandemic.

The refinance boom kept mortgage loan application defect risk flat, with record-low levels in July, but fraud risk for purchases climbed again, according to First American Financial.

In spite of the COVID-19 pandemic, Napa County home sales skyrocketed in July, rising 79.8% from June to July, the California Association of Realtors reported.

Also: NMN analyzes political donations from the industry, foreclosure and eviction ban extended to year's end.

The new reality for investors and originators accounts for forbearances and ability-to-repay.

Orange County, Calif., home buying rebounded last month to levels above 2019, a buying surge that pushed the median sales price to its sixth record high of 2020.

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.