Mortgage rates

Portland-area home sales rebounded in October after a slow September, but the housing market remains sluggish compared to a year ago.

The share of homes for sale with a price cut hit its highest level since 2010, but homebuyers are still reacting to rising prices and interest rates, according to Redfin.

Sales of single-family homes rebounded in October, a sign that higher mortgage rates may be compelling Houstonians to buy before rates go even higher, the Houston Association of Realtors said.

October's rise in the supply of homes for sale could signal the housing market is getting closer to equal footing for buyers and sellers, according to Remax.

Rising interest rates are holding back existing homeowners from listing their properties, driving the gap between existing and potential sales even as that disparity narrows, First American Financial said.

Subprime originations are climbing in multiple consumer loan categories, including mortgages, but the increase is much smaller in the home loan sector than it is in other markets, according to TransUnion.

Confidence among homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve's debate over how far to raise interest rates.

Bank jumbo mortgage underwriting standards weakened in the third quarter by the most in three years and as profitability remains under pressure, loosening should continue at an accelerated pace, a Moody's report said.

Borrowers buying new homes produced fewer loan applications than they did a year earlier due to October's rising interest rates.

After last week's surge of 11 basis points, mortgage rates held steady due to a dip in energy costs, even with continued stock market volatility, according to Freddie Mac.

Cleveland-area home sales perked up in October after their September slowdown, posting a modest gain even as interest rates edged higher.

As interest rates rise, mortgage originators need to teach millennial homebuyers about the product options outside of conventional loans, Ellie Mae said.

The decelerating pace of home price growth in October is helping offset the rise in mortgage rates, according to Quicken Loans.

Mortgage application activity decreased 3.2% from one week earlier as interest rates rose to eight-year highs and refinancings fell to an 18-year low, according to the Mortgage Bankers Association.

Beazer Homes USA is working to encourage competition among its approved lenders in order to help control upward pressure on home prices and lending rates that could slow sales.

After more than doubling local home starts in the last decade, don't expect Dallas-Fort Worth builders to increase construction by much in 2019.

If falling volume and rising costs weren't bad enough for nonbank mortgage lenders, an extended run of tight gain-on-sale margins is further eating into their profits.

Rising home prices and climbing mortgage rates pulled down affordability to the lowest point since before the housing market crash.

The number of homes sitting unsold in King County has doubled in the past year as buyers continue to retreat from the once-hot market — pushing prices in the city of Seattle down even further.

D.R. Horton Inc. fell the most in more than three years after executives at the builder said the market for homes is getting "choppy" and that the pace of order growth may slow next quarter.