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After three weeks of holding fairly steady, average mortgage rates ticked up this week, ironically due to investor optimism that the Federal Open Market Committee will cut short-term rates, according to Freddie Mac.

Quicken Loans Inc.'s biggest quarter to date means more jobs in Detroit.

The pace of home sales in metro Atlanta was down dramatically last month compared to the same period last year, according to reports released this week.

The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.

An expanding gap between sharp home price appreciation and relatively feeble income growth dating back to 1960 brewed America's affordability crisis, according to Clever Real Estate.

An important traditional tool of monetary policy has been diminished and may even become counterproductive in the future.

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins.

The second quarter continues to shape up as a good one for bank mortgage lenders — and one ancillary service provider — that are benefiting from a spike in volume.

The onset of summer typically comes with the largest volume of home sales, however exorbitant prices kept potential buyers at bay, according to Remax.

Foreign purchases of U.S. residential real estate fell 36% to the lowest annual rate since 2013, as slowing overseas economies, the strong dollar and the White House's anti-immigrant rhetoric put a chill on demand.

After a jump in May home sales, North Texas housing activity retreated in June.

Home sales in metro Baton Rouge, La., were practically unchanged for the first half of 2019, with three more houses being sold than during the same period in 2018.

The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.

Higher interest rates led to a 1.1% seasonally adjusted decline in mortgage applications compared with the previous week, according to the Mortgage Bankers Association.

New-home construction fell in June for a second month as a drop in apartment building outweighed a pickup in single-family projects.

Millennials flooded the mortgage market to refinance on lower rates, but the industry couldn't manage activity as quickly, according to Ellie Mae.

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees.

Members from states threatened by storms say their proposal is better for consumers than recent legislation passed by the House Financial Services Committee.

Wells Fargo and JPMorgan Chase recorded stronger mortgage originations in the second quarter as rates fell, but profits from single-family loans were lower than a year ago due to decreased servicing revenue.

Homebuilders' optimism increased as low mortgage rates fueled demand. However, affordability constraints and the continuing scarcity of construction workers and land parcels remain concerns.