Mortgage rates

Mortgage rates dropped as the stock market downturn at the start of the week drove yields on the 10-year Treasury lower.

Purchase loans made to millennial mortgage borrowers rose month-over-month in February despite interest rates increasing at the start of the year, according to Ellie Mae.

Mortgage application activity decreased 3.3% from one week earlier as purchase and refinance volume fell prior to the start of the home buying season, according to the Mortgage Bankers Association.

Home values grew in all 50 states in February, but their appreciation is expected to slow within the next year, according to CoreLogic.

Mortgage borrowers collectively hold more equity in their homes than at any other time on record, but they've been slow to borrow against this newfound wealth, according to Black Knight.

Mortgage rates held largely steady for the week, dropping only 1 basis point, according to Freddie Mac.

Despite soaring home prices, other factors needed to inflate a housing bubble are absent from the real estate market. But experts warn falling home values and rising mortgage defaults are inevitable, even if conditions naturally cool off.

A limited number of properties for sale against a backdrop of steady demand helped keep home prices elevated in January, according to S&P CoreLogic Case-Shiller data.

Here's a look at the states where home purchasing power is improving, bucking the national trends of inventory shortages and rising prices.

Banks would welcome a proposal to loosen Basel III capital restrictions because it would make holding mortgage servicing rights easier and stem the recent exodus of depositories from the servicing business, executives said.