Mortgage rates

For some employees given the option of working from home during the coronavirus pandemic, the workplace expanded from the city office to the beachfront condominium.

Amid the worst economic slowdown this spring since the Great Depression this spring due to business closings caused by the coronavirus pandemic, Chattanooga's housing market has remained relatively vibrant.

Perry Hilzendeger’s new role as president of mortgage servicing for Home Point Financial is in line with a previous role he had, and follows broader executive changes at Wells.

Interest rates jumped from a new record low, while Fannie Mae and Freddie Mac were widely panned for imposing a refinance fee.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

Refinance volume led the spike in mortgage applications for the week ending Aug. 7 as interest rates continued tumbling.

Baltimore-area home sales hit a record high in July as interest rates remained low and buyers moved quickly to choose from a low supply of available properties.

Ginnie Mae helped to fund more than $70 billion in loans aimed at helping low- and moderate-income borrowers in July.

About 54% of properties underwent bidding wars in July with some metro areas peaking at 75%, according to Redfin.

Squeezed up by a combination of low supply and high demand, home prices broke records in nearly every major Washington county last month, even as the pandemic's onslaught continued to wreak havoc with other parts of the economy.