Housing

Contrary to popular narrative, low interest rates are one of the reasons to be excited about the long-term outlook for housing.

Interest rates on fixed-rate mortgages rose for the second straight week, according to Freddie Mac.

New home purchase mortgage application volume increased month-over-month in February, as mild weather and low rates encouraged a busy start to the spring buying season, the Mortgage Bankers Association said.

Home-price appreciation is a welcome development for households whose nest eggs were shattered by the residential real estate bust that began a decade ago.

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.

Millennials and non-whites make the strongest association between owning a home and the American dream, according to a survey from Zillow.

Mortgage applications dropped during the week ending Feb. 26 as refinance activity fell to its lowest level since January, according to the Mortgage Bankers Association.

Home prices rose 6.9% in January compared to a year ago, according to CoreLogic.

Ocwen Financial Corp. and Walter Investment Management Corp. both recorded full-year losses in 2015, though that is where comparisons between the two companies cease.

Contracts to purchase previously owned homes unexpectedly dropped in January by the most in two years, representing a setback in residential real estate leading up to the spring selling season.

Home prices rose 5.5% in December 2015 compared to the previous year, according to Black Knight Financial Services.