Mortgage rates

Mortgage applications decreased sharply from one week earlier as key interest rates stayed above 5%, although purchase volume grew from a year ago, the Mortgage Bankers Association reported.

Flat home sales last month lowered the temperature a bit in the long-hot Central Texas housing market, according to the Austin Board of Realtors.

While mortgage volume is expected to shrink next year, it should increase during the following two years and beyond as millennials start buying homes, the Mortgage Bankers Association forecasts.

A notable drop in home equity lending at Bank of America during the third quarter contributed to an overall decline in new single-family loans produced by the company.

With home mortgage rates climbing to a seven-year high, typical homes in the Albany, N.Y., region have become less and less affordable this year, according to a regional real estate agents group.

Ex-Ginnie Mae President Joseph Murin is among several industry veterans joining Ainsworth Advisors, a consultancy run by former mortgage banker David Lykken and former Texas Capital Bank executive Gary Ort.

The Twin Cities housing market, after one of the most frenetic summers on record, is beginning to cool.

The vast majority of Americans, especially those that could be downsizing into a smaller property, would rather renovate their current home than save for a down payment, a Zillow survey found.

Home sales in the Charlotte metro area plunged in September, compared to a year ago.

Manhattan landlords are offering tenants more deal sweeteners than a year ago as developers continue to add supply, and mortgage rates and taxes are drawing in would-be home buyers willing to stick it out a while longer in the rental market.