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
Home sales have officially exceeded pre-pandemic levels
Fueled by record-low mortgage rates, home sales have surged beyond January and February, according to Redfin's latest monthly market survey
by Patrick Kearns Jul 16
Knock pivots to mortgage financing, bridge loans, concierge service
The home trade-in company, once lumped in with iBuyers, is charting a new course and partnering with agents to do it
by Patrick Kearns Jul 16
Orchard launches a home loans division
Consumers who choose to buy and sell with the real estate technology company can now get financing as well, all on one platform
by Patrick Kearns Jul 15
Mortgages in forbearance decline for fourth consecutive week
The total number of mortgages in forbearance declined for the fourth consecutive week, from 8.39% of servicers' portfolio volume to 8.18% during the week ending July 5, 2020
by Lillian Dickerson Jul 14
Jumbo lending rules loosened for some Wells Fargo customers
Any existing customers at the bank can now apply for non-conforming refinancing. However, those lacking a prior relationship with Wells Fargo will face a harder time
by Jim Dalrymple II Jul 13
@properties and Guaranteed Rate launch new mortgage company
The new mortgage lender, called Proper Rate, will begin originating mortgages to homebuyers and owners in 15 states
by Lillian Dickerson Jul 13
Mortgages in forbearance drop for third consecutive week
During the week ending June 28, the total number of mortgage loans in forbearance dropped to 8.39 percent of servicers' portfolio volume from 8.47% the week prior
Mortgage applications rise 2.2%
Refinance rates increased by 0.4% week over week and by a whopping 111% year over year, according to data from the Mortgage Bankers Association released Wednesday