Zillow

Mortgage rates fell 7 basis points this week to yet another record low in the 49-year history of the Freddie Mac Primary Mortgage Market Survey, as stock market indicators sank during the period.

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.

Mortgage rates decreased by 8 basis points this week, remaining near record lows, while a strong purchase market should continue into the fall, according to Freddie Mac.

Fresno is one of the more affordable markets compared to the rest of the state, where the median home value is $258,502 with a rent of $1,395, while the average price across California is $578,267 with a median mortgage of $2,775.

Mortgage rates crept up this week, nearly reaching the 3% mark as lenders raised prices because of a new fee, although purchase activity remained solid, according to Freddie Mac.

But the 30-year fixed remains below 3%, which should continue to support increased demand.

Even though revenues beat analysts' estimates, Zillow lost $84 million in the second quarter, with its mortgage business losing $240,000.

Whether mortgage rates continue to decline may depend on Friday’s job numbers.

While Black homeownership just rose to its highest level in 16 years, it's still the lowest of any racial demographic and 29 percentage points behind white people.

With low inventory and coronavirus limiting accessibility, nearly half of shoppers made offers sight-unseen in June, according to Redfin.

Mortgage rates fell 2 basis points this week, remaining near their historic lows as they have for the past month with the markets roiled by uncertainty, according to Freddie Mac.

Mortgage rates rose for the first time in six weeks, going back the above the 3% mark, as spreads to the 10-year Treasury yield widened again, according to Freddie Mac.

The median price for detached homes in Marin County, Calif., rose 5.3% in June over the prior year, marking the first solid gain since the coronavirus arrested the market.

Buyers in metro Denver who expected to have an easier time snagging a discounted home given all the economic turmoil may need to recalculate.

Mortgage rates slid further this week, as the conforming 30-year fixed loan fell below the 3% mark for the first time in the 50 years Freddie Mac has tracked this information.

Property owners are taking a wait-and-see approach, possibly because of economic uncertainty.

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.

The number of Southern California homes put into escrow rose for the 10th consecutive week, as the market recovers from the coronavirus economic shock.

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.