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The mirage of low interest rates
National Issue

The mirage of low interest rates

Record-low interest rates have created an unprecedented opportunity for homebuyers. That’s the party line in the residential industry. But that’s not how things are playing out on the ground. Many buyers have little chance...

The mirage of low interest rates
(iStock)
National

Mortgage requests surge ahead of Thanksgiving

As the holiday season kicked off, buyers and homeowners got hungry for home financing. An index tracking the number...

Mortgage requests surge ahead of Thanksgiving
The coronavirus pandemic pushed back the home shopping season into the fall, according to a Zillow report. (iStock)
National Insights

Homes sold faster in September than in any month this year

Fall is usually a cool-down period for the U.S. housing market. Not this year. Homes sold nearly twice as...

Homes sold faster in September than in any month this year
The value of single-family mortgage-backed securities hit a new monthly record, and demand is still strong. (iStock)
National

Mortgage-backed securities boom breaks monthly record

Thanks to low mortgage rates and a surge in home-loan refinancing, the number of mortgage-backed securities has skyrocketed. The...

Mortgage-backed securities boom breaks monthly record
(iStock)
National

Jumbos now cost more than traditional mortgages

Interest rates on so-called jumbo mortgages are above the historically low rates for smaller traditional mortgages for the first...

Jumbos now cost more than traditional mortgages
According to the report, purchase applications are down while refinancing is up (iStock)
National

Applications for mortgages to buy homes drop

Homebuyers took some time off last week as homeowners got busy. An index tracking the volume of mortgage applications...

Applications for mortgages to buy homes drop
The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2 (iStock)

Mortgage rates hit all-time low

The downward slide in mortgage rates produced a new milestone this week, according to Freddie Mac’s latest primary mortgage market survey. The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2,...

Mortgage rates hit all-time low
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