Purchase

Mortgage lenders became slightly bearish on their profitability outlook in the fourth quarter, with the competitive landscape and shift to a purchase market cited as the main concerns, according to Fannie Mae.

Mortgage application activity increased 3.8% from one week earlier, with refinance volume for Federal Housing Administration-insured loans taking the spotlight, the Mortgage Bankers Association said.

The prequalification letter is a great way to move borrowers from casual tire kickers to committed applicants, but advances in digital verification will soon make it obsolete.

The housing market is likely changing to predominantly repeat purchasers, even as growth in the first-timer buyer segment continued in the third quarter, a study from Genworth found.

Colorado Springs-area homebuyers continued to find slim pickings last month, as the supply of local properties available for purchase remained at historically low levels.

The latest monthly employment estimates for nondepository home lenders and loan brokers rebounded in October and rose year-to-year, reversing a downward trend in 12-month comparisons.

Mortgage-bond investors will need to absorb about 26% more agency MBS supply in 2020 as both home sales and prices continue to climb, according to the average estimate of six of Wall Street's biggest dealers.

Connecticut single-family home sale prices in October reached their highest level in 12 years for the month, a bit of welcome news in a housing market that is looking for a boost in a decade-plus recovery.

Millennials took advantage of the low mortgage rate landscape in October, boosting their refinance share to a survey-record high, according to Ellie Mae.

The vision underpinning the American dream — of fresh-faced young people buying a first home with a white-picket fence — hasn't held up well.

If Denver-area buyers were expecting a bounty of homes to choose from this holiday season, they are going to be sorely disappointed. Sellers are playing the grinch as 2019 draws to a close.

Purchase mortgage application activity is at its highest level since this summer on a seasonally adjusted basis, and should remain strong in December, according to the Mortgage Bankers Association.

The Huntsville, Ala., housing market continues strong with more homes sold in the third quarter of this year than the average for the same period throughout the decade.

Australia's property frenzy is back in full swing, with home prices surging the most in 16 years in November.

October's deceleration in housing values could be followed by acceleration in 2020, but a growing subset of millennials nevertheless plan to become homeowners in the new year, according to CoreLogic.

While the median price of sold homes increased again this year, the number of sales to date in Central Massachusetts is so far below the rate from last year.

Northeast Ohio home sales for the year are on track to outpace 2018 levels, and local real estate experts don't foresee any signs of a major slowdown in the coming months.

Loan defect risk in purchase applications stopped falling and plateaued in October, according to First American Financial Corp.

U.K. house prices increased at their fastest pace in more than a year this month, according to Nationwide Building Society.

Home sales entered the fourth quarter stronger than last year here, up nearly 5%, and the median price was also surging, ending October at $179,000, according to the Oklahoma City Metro Association of Realtors.