Mortgage rates

Houston home sales plunged more than 20% in April from year-ago figures as sellers took properties off the market and buyers stayed home through the coronavirus-induced shutdown.

With mortgage rates plummeting, the refinance share of closed loans from millennial borrowers rose for the third straight month, to the highest level since Ellie Mae began tracking the data in 2016.

Purchase mortgage activity rose for the third consecutive week, although the total volume was flat compared with the previous seven-day period, according to the Mortgage Bankers Association.

With unemployment mounting, new mortgage forbearance requests could sharply increase in early May when payments are due.

The Federal Reserve's emergency rescue of the U.S. mortgage market should have set off celebration among lenders trying to keep up with demand from borrowers. Instead, executives at Quicken Loans got a hefty margin call.

As the coronavirus takes a major toll on housing inventory and credit availability, pent-up buyer demand could lead to market recovery, according to Redfin.

Homebuilders in the Twin Cities ramped up production last month, despite a barrage of challenges including growing economic uncertainties and a mandate to practice social distancing rules on job sites.

Mortgage rates fell to their lowest level since Freddie Mac started reporting this data in 1971, as the coronavirus shutdown continued to play havoc with the economy.

The coronavirus disruption caused March's pending home sales to fall and the losses will reverberate through the rest of 2020, according to the National Association of Realtors.

Contracts to buy existing homes plunged in March by the most since 2010 as the coronavirus forced people to stay home and the economy spiraled down.

Even though mortgage application volume decreased from one week earlier, lenders had their best week for purchase business since the coronavirus shutdown began, according to the Mortgage Bankers Association.

Pre-pandemic, home-buying power was high, but few are likely to buy a home today given a host of uncertainties regarding coronavirus, First American said.

In the days before COVID-19 entered American consciousness, home prices in San Diego climbed near record territory.

Low mortgage rates increased new orders, but fallout from the pandemic hurt investment income.

A statewide stay at home order imposed in late March didn't stop Dayton Realtors from hitting their highest monthly sales figures so far in 2020.

Mortgage rates were little changed this week as the markets reacted positively to various economic measures coming out of Washington, according to Freddie Mac.

Mortgage fraud risk plummeted in the first quarter of 2020 amid historically low mortgage rates and a boom of refinances, but the coronavirus could create a new set of risks, according to CoreLogic.

Sales of previously owned homes dropped in March by the most since November 2015, representing weaker demand that likely is going to get much worse in coming months as the pandemic bears down on the economy.

The wealthiest, most-reliable mortgage borrowers in the U.S. are hearing an unfamiliar word from lenders: No.

The coronavirus outbreak, along with the shift to a lower paying refinance business, will likely limit commission earnings for the rest of 2020.