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Sales of new homes eased and prices continued their downward trend, suggesting the momentum in the sector may be slowing despite low mortgage rates and steady wage gains.

Economic uncertainty continued to affect mortgage rates, which rose to their highest level in 12 weeks, according to Freddie Mac.

The low inventory of homes on the market has been an issue all year in the area.

Sales of single-family homes jumped in the Tampa Bay area in September as all four counties had among their strongest showings so far this year.

The next phase of the digital mortgage revolution is starting and lenders need to use a holistic process to create their plans in order to get up to speed.

The unexpected rise in refinancings during the third quarter affected mortgage industry business results in a mostly positive fashion for the period.

The outlook for hotels and suburban offices is still questionable, but the prognosis for other property types in the securitized commercial real estate market remains fairly strong, according to Moody's Investors Service.

Facebook Inc. is following other tech titans like Microsoft Corp. and Google, pledging to use its deep pockets to ease the affordable housing shortage in West Coast cities.

Interest rate swings during this past week resulted in a decline in both refinance and purchase mortgage applications compared with the previous period, according to the Mortgage Bankers Association.

The number of homes sold in the Dayton, Ohio, area last month jumped significantly in a tight housing market.