Mortgage rates

With coronavirus inoculations underway and government stimulus likely to come, the outlook for next year’s housing market and lending environment grew more optimistic in December.

Mortgage rates remained at their lowest level ever this past week, even as 10-year Treasury yields stayed elevated compared to where they were in recent months.

Employment worries and the pandemic's ongoing obstacles for home buying wore down consumer confidence in November, according to Fannie Mae.

Plus: per-loan profits break a record and FHFA extends pandemic-related measures.

Set alight by the Fed’s low interest rates and bond purchases, the mortgage industry is on fire.

Mortgage rates dropped a basis point this week, reaching the lowest level since Freddie Mac started tracking this data, even though yields on the benchmark 10-year Treasury increased 7 basis points.

Mortgage applications decreased 0.6% on a seasonally adjusted basis from one week earlier as the period was truncated by the Thanksgiving holiday, according to the Mortgage Bankers Association.

A new report from California shows that less-regulated mortgage lenders may be doing a better than banks of serving Black and Latino homebuyers. But consumer advocates say the data bolsters the case for tougher supervision of nonbanks.

A gauge of contract signings to purchase previously owned homes unexpectedly declined for a second month in October as higher prices and a limited number of listings impeded momentum in the housing market.

New-home sales in the U.S. held up in October, remaining near the best pace since 2006 and well above pre-pandemic levels, the latest sign that record-low mortgage rates are underpinning robust buyer interest.

Mortgage rates remained unchanged at their record lows heading into the Thanksgiving holiday, as investors reacted to a growing resurgence in coronavirus cases.

San Diego home prices went up the third fastest in the nation in September and appreciated at a pace not seen in more than six years.

Weaker consumer spending data coming into the holiday season, as well as a resurgence of the COVID-19 spread, pushed mortgage rates to a new low, Freddie Mac said.

October was a good month for home sellers in metro Atlanta.

The Mortgage Bankers Association sees rates rising over the next two years, while Fannie Mae expects the average to remain under 3%.

Homes in some parts of the country spent as little as 20 days on the market, while the U.S. housing supply hit just 1.7 months in October, according to Remax.

Homebuilder confidence jumped in November, hitting another record high as buyers swarmed sales offices to take advantage of the lowest mortgage rates in history.

Rates could be 50 basis points steeper than the MBA’s current projections, which anticipate the 30-year mortgage will average 3.3% next year, up from nearly 3% this year.

The number of bidding wars increased for the sixth consecutive month, as Salt Lake City remained the most competitive housing market, according to Redfin.

Facing a slim inventory of existing homes for sale, Denver buyers are snapping up new homes at the fastest pace in the country, a rebound so strong that it has caught local builders off guard.