Mortgage rates

Mortgage rates have reversed course and reached a new high last seen seven years ago as the yield on the 10-year Treasury crossed the 3% threshold this week, according to Freddie Mac.

As mortgage rates continued rising, the percentage of closed home purchase loans grew to its highest level in about four years, according to Ellie Mae.

Mortgage applications decreased by 2.7% and fell for the sixth straight week as key interest rates fell slightly, according to the Mortgage Bankers Association.

New-home construction declined in April as fewer starts of apartment projects outweighed a modest improvement in single-family structures, government figures showed Wednesday.

The 10-year U.S. Treasury yield rose to its highest level since 2011, extending a selloff in the world’s biggest bond market and raising fresh questions about how high America's borrowing costs will climb.

Sentiment among homebuilders rose for the first time in five months as job gains and tax cuts helped keep buyer demand healthy amid rising prices and mortgage rates.

Despite a healthier economy, growing household income was not enough to make an impact on home sales as the market still suffers from historically low levels of inventory.

The home buying season is already shaping up to be especially competitive this year, as rising prices and mortgage rates are putting a damper on purchasing power in many once-affordable housing markets.

Mortgage rates were unchanged over the past week, but appear to be headed higher with a robust summer home sales season expected, according to Freddie Mac.

Mortgage applications decreased by 0.4% and were down for the fifth straight week, as key interest rates also fell slightly, according to the Mortgage Bankers Association.

Bank of Montreal is wooing homebuyers with a variable mortgage rate with the biggest discount ever by a large Canadian bank, according to one market watcher.

Mortgage credit availability was unchanged in April, as originators tightened their government lending programs but made more jumbo offerings available.

Housing confidence hit an all-time high as more consumers report it's a good time to sell, while also anticipating a rise in home prices but a drop in mortgage rates, according to Fannie Mae.

The number of mortgage borrowers for whom it made sense to refinance declined by nearly half since the end of last year and is at its lowest since November 2008.

Mortgage rates dipped slightly over the past week as yields on the 10-year Treasury retreated after breaking the 3% barrier, according to Freddie Mac.

Canada's big banks don't seem keen to follow Toronto-Dominion Bank's lead on mortgage hikes – at least not all the way.

Here's a look at 12 cities where median home prices are under $200,000 and the combination of local wages and interest rates offer buyers the most purchasing power.

Toronto-Dominion Bank has lifted its posted rate for five-year fixed mortgages by 45 basis points to 5.59% as Canadian government bond yields touched their highest levels since 2011 this week.

Home prices in nearly half of all major markets are still below their precrisis peaks. Here's a look at 12 cities on the verge of crossing that threshold.

Businesses are investing more, people are finding jobs, and inflation is picking up, meaning higher interest rates for homebuyers.