Mortgage rates

Homebuyers are fleeing dense Bay Area neighborhoods for Wine Country environs, heating up a local real estate market rapidly recovering from a pandemic-induced slowdown.

As bidding wars raged on and mortgage rates remained near historic lows, housing market confidence grew in August, according to Fannie Mae.

Residential real estate has been a hot commodity in the Sioux City, Iowa, metro this summer, with prices and demand rising while interest rates and supply are low.

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.

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.