Mortgage rates

Homebuilders in the Twin Cities metro had their sleepiest March in four years with single-family and multifamily construction falling sharply.

Mortgage refinance applications reached their highest level in three years as interest rates plunged last week in the aftermath of the Federal Open Market Committee's March meeting.

February's median price for single-family homes in Santa Cruz County, Calif., reached a new area record high of $937,000. The previous record was $935,100 in March 2018.

Despite slowing home price growth, nearly 75% of millennials make financial concessions to afford housing compared to 40% of older generations, according to CoreLogic.

Mortgage borrowers don't know about the logistics of applying for a loan, which is the basis for their erroneous ideas about the process, the respondents to the 2019 Top Producers Survey said.

After two straight down months, home sales in New Hampshire rebounded in February setting records for the month in price and number of closed deals.

After several months of sluggish activity, sales of Marin County, Calif., homes surged 7.1% in February to 180, up from the 168 sold in February 2018.

The total number of days that elapsed between consumers' initial home tours and their closing dates fell to the lowest level in at least six years this winter, according to Redfin.

The number of homeowners likely to qualify for a refinance nearly doubled in a single week following the largest mortgage rate decline since the housing bubble burst, according to Black Knight.

Income-related mortgage application fraud risk has the potential to increase as competition rises among buyers during the peak spring season, First American said.