Mortgage rates

Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume.

Housing prices continued to grow in June, maintaining a streak in monthly increases that began in February 2012. But the trend could be reversed in 2021 with the resurgent effects of the coronavirus, according to CoreLogic.

After a floundering start to the summer home-buying season, record-low mortgage rates helped make July one of the best in several years for homebuilders in the Twin Cities metro.

Wyoming's average home price has risen nearly 10% since early last year, marking the fastest rate of increase in the state's real estate valuations since the third quarter of 2007.

While low interest rates drove up new insurance written, the increased defaults stymied overall performance.

Mortgage rates fell 2 basis points this week, remaining near their historic lows as they have for the past month with the markets roiled by uncertainty, according to Freddie Mac.

But refis bring overall mortgage application fraud risk back to its record low, First American said.

An index of pending home sales exceeded forecasts in June as borrowing costs fell, adding to evidence that the housing market is the bright spot in an economy stunted by COVID-19.

Miami-Dade and Broward experienced a dip in year-over-year residential transactions in June. But it's not all gloom and doom: Pending sales increased year-over-year, a sign of activity increasing since April.

Tight inventory is expected to drive home prices higher over the summer, according to First American.