Refinance

Rates for 30-year mortgages dropped to the lowest level in more than three years as U.K. voters' decision to leave the European Union drove investors to the safety of American government bonds that guide home loans.

Mortgage application activity decreased 2.6% from one week earlier, according to data from the Mortgage Bankers Association.

Big banks have drastically reduced their share of the Federal Housing Administration market, a massive shift that has big implications, according to new analysis by the American Enterprise Institute.

The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.

Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.

Carrington Mortgage Services has added conventional loans to the portfolio of products offered by its wholesale lending division.

Mortgage applications increased 2.9% from one week earlier as interest rates remain at three-year lows, according to the Mortgage Bankers Association.

Bank of America's newest service allows consumers to track their loan status online.

Mortgage applications decreased 2.4% from one week earlier even though interest rates for conforming loans are at their lowest point in 18 months, according to the Mortgage Bankers Association.

Lender sentiment toward housing has improved during the second quarter, with lenders reporting higher demand for purchase mortgages, according to Fannie Mae.