Home Mortgage

More than half of mortgage borrowers experienced income loss due to the pandemic, new data shows.

Record-low mortgage rates mean the average monthly payment for a medium-sized home has fallen 7.36 percent to $1,007, as of May.

As of July 5, about 4.1 million loans were in forbearance.

The median Silicon Valley rent price has dropped significantly year-over-year.

Housing starts increased 17.3% to a seasonally adjusted annual rate of 1.186 million units last month; the percentage increase was the largest since October 2016.

The rate on a 30-year fixed mortgage fell to a historic low of 2.98 percent in the week ended July 16.

As of May, home prices in Miami had appreciated for 102 consecutive months.

Consumers have continued spending on big-ticket items such as vehicles and homes during the coronavirus pandemic, helping support the U.S. economy

Historically-low mortgage rates are helping banks generate revenue amid the COVID-19 pandemic.