Purchase

Set alight by the Fed’s low interest rates and bond purchases, the mortgage industry is on fire.

The money lenders are making on each home loan hit another survey-record high in the third quarter, but it may not be quite as high going forward.

The results are in the middle of the range provided before the company went public in October.

The head of the Federal Housing Administration said Congress should consider whether to continue allowing the loan floor and ceiling to remain tied to changes in the conforming mortgage limit.

Mortgage applications decreased 0.6% on a seasonally adjusted basis from one week earlier as the period was truncated by the Thanksgiving holiday, according to the Mortgage Bankers Association.

This fall's red-hot housing market in Duluth, Minn., has more than made up for time lost to the pandemic this spring.

October's annual appreciation rate was at its fastest since April 2014, CoreLogic said.

Tough competition for home listings makes consumers more likely to misrepresent themselves on loan applications.

Metro Denver's housing market seems unstoppable, setting record after record in the resale market and leading the country for the gain in pending new home sales.

A gauge of contract signings to purchase previously owned homes unexpectedly declined for a second month in October as higher prices and a limited number of listings impeded momentum in the housing market.

Oklahoma City area homebuilders are building more houses than they have in seven years, but the market keeps soaking them up, as well as previously owned homes — amid a pandemic and rolling business shutdowns.

Marin County, Calif., detached home sales in October were up 25% over last year as the coronavirus pandemic continued to shake up conventional market trends.

Closed sales of single-family homes in the Hartford region increased 36.31% in October compared to a year ago, the Greater Hartford Association of Realtors reported.

The year-over-year increase in monthly page views for properties hit a high for the year in large metropolitan areas as gains in rural locations decelerated.

New-home sales in the U.S. held up in October, remaining near the best pace since 2006 and well above pre-pandemic levels, the latest sign that record-low mortgage rates are underpinning robust buyer interest.

Mortgage applications increased 3.9% from one week earlier as another week of record low rates drew more borrowers into the market, according to the Mortgage Bankers Association.

Overall housing value growth continued in the third quarter, as some markets more than doubled the national average, according to the Federal Housing Finance Agency's Home Price Index.

Tampa Bay's real estate market continued to charge forward in October, marking the fifth straight month of mostly robust numbers since the onset of the pandemic slowed down sales this spring.

Despite a tightening stock of homes on the market, home sales surged 38% last month in the Sarasota-Manatee, Fla., region.

Consumer demand for larger properties is driving the market in an atypical year that featured a delayed selling season, the Mortgage Bankers Association said.