Mortgage rates

Driven by robust purchase demand and tight housing supply, housing price growth reached a two-year high in July, according to CoreLogic.

Tight inventory and unstoppable buyers pushed Bay Area median home prices higher in July, ignoring the economic drag of the pandemic.

The refinance boom kept mortgage loan application defect risk flat, with record-low levels in July, but fraud risk for purchases climbed again, according to First American Financial.

In spite of the COVID-19 pandemic, Napa County home sales skyrocketed in July, rising 79.8% from June to July, the California Association of Realtors reported.

Also: NMN analyzes political donations from the industry, foreclosure and eviction ban extended to year's end.

The new reality for investors and originators accounts for forbearances and ability-to-repay.

Orange County, Calif., home buying rebounded last month to levels above 2019, a buying surge that pushed the median sales price to its sixth record high of 2020.

Pending home sales rose in July by more than forecast to the highest level since 2005, signaling the housing market’s sharp recovery will continue with borrowing costs to stay low for the foreseeable future.

Many mortgage companies are hoping to operate remotely through year-end and are asking regulators for relief to that end.

Mortgage rates decreased by 8 basis points this week, remaining near record lows, while a strong purchase market should continue into the fall, according to Freddie Mac.