Mortgage applications drop 5.1%
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package
Aiming for 21 markets by '21, Knock now swapping homes in Denver
After rebranding its Home trade-in model, Knock is now helping sellers swap homes in Denver. Its goal is to reach 11 markets before the end of 2020
by Craig C. Rowe Aug 5
Mortgages in forbearance continue to drop
The total share of loans in forbearance dropped to 7.67% of servicers' portfolio volume, according to data released Monday by the Mortgage Bankers Association
Fannie Mae earnings reveal a steadying housing market
Only 5.7% of the single-family loans guaranteed by the GSE were in forbearance at the end of the second quarter, down from 7% at the end of the previous quarter
by Patrick Kearns Jul 30
Mortgage applications decrease, fueled by rise in FHA rates
Mortgage applications decreased 0.8% week over week, even as rates stayed near historic lows, according to data released Wednesday by the Mortgage Bankers Association
by Patrick Kearns Jul 29
Mortgages in forbearance drop for sixth week in a row
The number of mortgage loans in forbearance declined by 6 basis points, from 7.80% the previous week to 7.74%, marking the sixth consecutive week loans in forbearance dropped
by Lillian Dickerson Jul 28
Mr. Cooper
Even as home prices continue to appreciate, consumers have more spending power due to low mortgage rates, according to a survey released Monday by First American
by Patrick Kearns Jul 27
Mortgage rates creep back to 3%
The 30-year, fixed-rate mortgage average increased for the first time since May to 3.01%, for the week ending July 23
by Patrick Kearns Jul 23
Housing discrimination is a vicious cycle: Zillow chief economist
During Zillow's virtual Unlock event, Svenja Gudell highlighted the historic instances that have led to a massive homeownership gap between white Americans and people of color
by Patrick Kearns Jul 22
Mortgage applications surge as buyers scramble for rates below 3%
Purchase activity was up 19% year over year, an increase for the ninth-consecutive week, according to new Mortgage Bankers Association data released Wednesday
by Patrick Kearns Jul 22
Share of mortgages in forbearance continues to drop
The amount of mortgages in forbearance declined for the fifth straight week, from 8.18% to 7.8% the week ending July 12, 2020
by Lillian Dickerson Jul 20
Could mortgage rates under 3% be bad for the housing market?
First American Chief Economist Mark Fleming emphasized the downside of plummeting mortgage rates: 'Why move when you can lock in at less than 3% in a time like this?' 
by Patrick Kearns Jul 20
Freddie Mac celebrates 50th anniversary with multifamily milestones
As the mortgage giant turns 50, the company celebrated its anniversary with a new state-by-state breakdown of the mortgages it has provided
by Patrick Kearns Jul 20
Florida title search company enters remote closing field with ProperSign
PropLogix of Sarasota reacted to COVID-19-era requirements by developing its own solution to socially distant deal-making
by Craig C. Rowe Jul 16
30-year mortgage rates dip below 3% for first time in 50 years
The average 30-year fixed-rate mortgage was reported at 2.98%, down from 3.03%. It's the first time the rate fell below 3% since Freddie Mac began tracking weekly rates in 1971
by Patrick Kearns Jul 16