Mortgage rates

After steep declines in April and May, North Texas home sales rebounded in June. Area real estate agents sold 16% more single-family homes than in June of 2019.

The current refinancing boom might seem like the worst time to buy leads, but for some, it may be the best.

Mortgage rates continued their slide, with the conforming 30-year fixed at its closest point ever to breaching the 3% mark, according to Freddie Mac.

While very low inventory prevented a full market recovery, pricier home listings only trail year-ago totals by 9.2%, according to Zillow.

Booming refinancing is expected to more than offset the tighter underwriting in second-quarter mortgage results.

The $38.7 billion of equity withdrawn during the period was down 8% from the fourth quarter.

Homebuyers in metro Denver made up for lost time in June, closing on 5,581 homes and condos and putting another 7,676 under contract, according to the Denver Metro Association of Realtors.

While the new employment numbers bode well for housing and loan performance in the short term, concerns abound regarding how the unemployment rate and furloughs could affect prospects for the business later.

Mortgage rates reached their lowest level this week since Freddie Mac began its Primary Mortgage Market Survey in 1971, but they might not have yet gotten to their floor.

As the country wrestles economic volatility, millennial homeownership demand rises, fueled by historically low mortgage rates.