Mortgage rates

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.

Sales of new homes rebounded to the best pace in almost a year and exceeded estimates in February, led by the Midwest, as lower mortgage costs helped buyers afford properties.

Contract signings to purchase previously owned homes fell more than estimated in February, suggesting that the prior month’s surge resulted from pent-up demand and that a sustainable recovery may take more time.

Average mortgage rates fell by their largest amount in more than 10 years last week as bond yields fell in reaction to the March 20 Federal Open Market Committee meeting.

American Banker's Rob Blackwell and Cowen’s Jaret Seiberg discuss Fannie Mae, Freddie Mac and the future of housing finance

There was a huge rise in mortgage refinance application activity due to the large drop in interest rates following last week's Federal Open Market Committee meeting.

Central Ohio home sales rose 3.7% in February from a year ago, the biggest jump in more than a year.

Home prices in 20 U.S. cities registered their smallest gains since late 2012, decelerating for a 10th month in January as buyers held out for more affordable properties.

New-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

If mortgage rates fall below 4%, it could more than double the dollar volume of agency mortgages exposed to refinancing incentive, analysts at Keefe, Bruyette & Woods found.

The Federal Reserve decision to shift into Treasuries could pull rates down and increase the prepayment speeds on mortgage-backed securities.

Sales of previously owned homes rebounded in February to the fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilizing after last year’s slump.