Mortgage rates drop to 30-year low

The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading

Colorado Springs ranked hottest housing market in March

The city was ranked the hottest housing market for the second consecutive month by Realtor.com with half of all homes selling in under 28 days. Continue reading

Market snapshot: Washington, 6 weeks into COVID-19

Washington was the first U.S. state that saw a confirmed case of the coronavirus. A month and a half later the real estate industry soldiers on amid the chaos. Continue reading

Coming days will be ‘a trying time’ for real estate professionals

Thad Wong, co-founder of @properties, said during an Inman Town Hall Thursday that there may be ‘sheer havoc’ in the short-term. Continue reading

Foreclosure activity hits lowest point in 15 years

There were a total of 48,004 properties with foreclosure filings in February 2020, the lowest number since Attom began tracking the data in April 2005. Continue reading

Mortgage applications surge along with refis

Mortgage applications activity increased by 15.3 percent and the refinance index increased 26 percent during the week ending March 27. Continue reading

Major banks agree to mortgage grace period in California

Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period. Continue reading

Major banks agree to mortgage grace period in California

Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period. Continue reading

Northwest MLS halts open houses amid coronavirus crisis

The multiple listing service has disabled the open house feature in its tech platform, meaning agents won’t be able to input, search or view open houses. Continue reading