Zillow

Economic issues were the biggest influence on average mortgage rates in the past week, although two trackers moved in different directions.

Home prices have more than recovered since the recession, but higher-than-ever medical and student debt is robbing many homeowners from realizing the benefits, while keeping others away from the market, according to Zillow.

In the decade ending in June, close to $9 trillion in additional owner-occupied real estate wealth was gained by U.S. households. Pacific states, led by California, grabbed 37% of this gain.

September has been the most volatile month since March when it comes to 30-year conforming mortgage rates, with average weekly movements of 11 basis points up or down, according to Freddie Mac.

Mortgage rates had their largest week-to-week uptick since October 2018 as bond market investors reacted to positive news about the economy, according to Freddie Mac.

Property values recovered, and in some cases even surpassed housing bubble peaks, but the same can't be said for waning new construction activity, which won't return to historic norms for years, according to Zillow.

Mortgage rates rose seven basis points compared with the prior week, but remained below 3.6% over four consecutive weeks for the first time since the fourth quarter of 2016, according to Freddie Mac.

South Florida is the nation's capital of mortgage fraud, property data firm CoreLogic says.

Mortgage rates fell to lows not seen October 2016, affected by concerns over manufacturing and the ongoing trade war with China, according to Freddie Mac.

For the second month in a row, Seattle is the only major American city where home prices were lower than a year ago.