Housing

Cities may be the top choice for millennials who rent apartments, but young homebuyers are moving in droves to the suburbs, where prices are lower and backyards are plentiful.

Mortgage applications ticked up slightly last week, as low refinance activity continued to offset gains in new purchase applications, the Mortgage Bankers Association said.

First mortgage originations climbed in February as home equity loans declined, according to Equifax.

The national foreclosure inventory decreased 21.7% to about 456,000 in January, according to CoreLogic.

Consumers were feeling moderately confident about the housing market in February, Fannie Mae said.

The number of homeowners who would benefit from refinancing their mortgage has swelled since the beginning of the year, according to Black Knight Financial Services.

February jobs report signals stronger economy and possibly higher mortgage rates this summer.

Contrary to claims of anticompetitive practices, manufactured housing industry leaders want to increase the number of lenders offering financing.

Interest rates on fixed-rate mortgages rose slightly on a weekly basis, as the market waits on the Fed to resume its interest rate hikes, according to Freddie Mac.

Mortgage credit availability stayed the same in February, based on data analyzed by the Mortgage Bankers Association.