Purchase

But the 30-year fixed remains below 3%, which should continue to support increased demand.

Refinance volume led the spike in mortgage applications for the week ending Aug. 7 as interest rates continued tumbling.

The proprietors of the Lorraine Hotel in downtown Toledo have received multi-year prison sentences from a federal judge for orchestrating a $3.9 million fraudulent real-estate investment scheme, while a third person received probation.

Despite a housing market that has remained solid during the COVID-19 outbreak, the hesitancy of potential sellers is contributing to one of the most acute shortages of available homes in decades.

Oahu's housing market remained depressed in July, though new sales data shows the severity of the decline is easing.

About 54% of properties underwent bidding wars in July with some metro areas peaking at 75%, according to Redfin.

With infections resurging, consumer confidence in the housing market hit a snag in July, but sellers are feeling better about their prospects, according to Fannie Mae.

In the face of the COVID-19 pandemic, Southern Nevada home prices continued to inch higher in July, according to a new report.

U.S. home purchases by foreign buyers have dropped to the lowest point in more than a decade.

Conditions have improved for the first time since November.

With over 4 million millennials entering prime home buying age each year through 2023, purchase activity will be driven much higher, according to Ellie Mae.

Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume.

The company is competing with consumers looking for more space aided by record low mortgage rates.

Housing prices continued to grow in June, maintaining a streak in monthly increases that began in February 2012. But the trend could be reversed in 2021 with the resurgent effects of the coronavirus, according to CoreLogic.

After a floundering start to the summer home-buying season, record-low mortgage rates helped make July one of the best in several years for homebuilders in the Twin Cities metro.

The year-over-year increase came as homebuying picked up and the company's mortgage lending business boomed.

With low inventory and coronavirus limiting accessibility, nearly half of shoppers made offers sight-unseen in June, according to Redfin.

The COVID-19 pandemic has caused home sales to fall this year in more than two-thirds of Dallas-area neighborhoods.

Home sales in Alabama surged in June as buyers emerged from the coronavirus lockdown ready to take advantage of low interest rates.

Some real estate agents in the Daytona Beach, Fla., area have been reporting an increase in bidding wars for homes because of the low inventory.