Economy

The two major government-related mortgage buyers' clarifications on real estate commissions take a path similar to that of the Federal Housing Administration.

Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday.

A pair of metrics that examine competition in the marketplace went in different directions in March, Zillow found.

Lumber prices climbed higher for the first time since July, but prospects for single-family construction to grow look promising based on early-year data.

More than a quarter of the respondents to a Redfin survey don't know how much their agent got, with 19% unaware of who actually paid them.

Mortgage rates rose this week as investors priced stronger than expected inflation and jobs affecting Fed moves into the 10-year Treasury.

The downward trend comes as servicers and agencies continue to implement programs aimed at keeping borrowers in their homes.

The memorandum creates channels for sharing information about nonbanks between the Federal Housing Finance Agency and the Conference of State Bank Supervisors.

Rates for the 30-year fixed mortgage rose just 3 basis points this week, even as the 10-year Treasury yield hit its highest point since November.

But the pace of home price growth between January and February was nearly double the level seen prior to the pandemic.