Mortgage rates

New Yorkers fleeing the city and cooped-up workers in cramped home offices are helping fuel a hot home sale market in Connecticut, with properties selling at a dizzying pace.

More than half of listings underwent bidding wars in August with some housing markets peaking above 65%, according to Redfin.

While employment typically ebbs as home buying slows in the fall, several nonbanks have ambitious hiring plans in the works, which call for them to add thousands of workers by year-end.

Home purchase power increased by almost 7% annually in July as mortgage rates were at or near record lows.

Mortgage rates remained relatively flat this week, as yields for the benchmark 10-year Treasury spiked at the start of the period before dropping, according to Freddie Mac.

Northeastern Minnesota home sales have been on a tear this summer despite a relative scarcity of listings.

Mr. Cooper plans to hire an additional 2,000 employees by the end of this year as record low interest rates spur home purchases and mortgage refinancings.

But federal elections and the pandemic make projections on the sustainability of industry profitability especially tricky.

Millennials locked in the lowest mortgage rates on record and kept the summer housing market hot, according to Ellie Mae.

Home prices continue to accelerate in Southwest Florida, but at a slower pace than the state and the nation.