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Mortgage applications slump 24% to the lowest in more than 3 years as coronavirus hits the housing market

"Buyer and seller traffic – and ultimately home purchases – will also likely be slowed this spring," said Joel Kan of the MBA.

Mortgage applications plunged 29% last week, the most since 2009, amid US lockdown

"Potential homebuyers might continue to hold off on buying until there is a slowdown in the spread of the coronavirus," said Joel Kan of the MBA.

Mortgage refinances surge 79%, most since financial crisis, as people rush to capitalize on low interest rates

"Prospective buyers continue to be encouraged by improving housing inventory levels in some markets and very low rates," said Joel Kan of the MBA.

Long-term mortgage rates tumble to a record low as coronavirus rattles investor nerves

"It's clear the housing market continues to be a positive force for the broader economy," Freddie Mac said in a statement.

Mortgage refinances surge 26% as people scramble to take advantage of plunging interest rates

"We expect refinance activity will increase even more until fears subside and rates stabilize," said Mike Fratantoni of Mortgage Bankers Association.

Mortgage rates fall to the lowest since 2012 amid coronavirus fears

Mortgage rates could fall even further as they loosely follow the 10-year US Treasury yield, which is at a record low on coronavirus concern.

Mortgage rates hit an 8-year low dragged down by coronavirus fears

If the coronavirus epidemic continues to weigh on markets and US Treasuries, mortgage rates could fall even further.

Housing inventory in the US dropped to its lowest level in years while home values are on the rise — here’s what that means

The roughly 7.5% drop in homes listed for sale was the steepest decline Zillow has seen since it started recording inventory data.
The home sits at the end of a prestigious cul-de-sac in Menlo Park, Calif.

Inside a former Apple manager’s $17.5 million Silicon Valley mansion, ‘the trophy of Menlo Park’

The home sits in a ritzy Menlo Park cul-de-sac in Silicon Valley and has a 1,600-bottle wine cellar, six bedrooms, and an expansive pool.

New housing data badly misses estimates, clouding the US economic outlook

Pending home sales in the United States badly missed forecasts Wednesday, dimming the economic outlook