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Despite outbreak, Austin home prices hit record highs

As the summer home-selling season came to a close, median sale prices — both across Central Texas and within the Austin city limits — reached all-time highs in August, the Austin Board of Realtors said.

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Mortgage rates hold steady, remain near all-time low

Mortgage rates remained relatively flat, rising a single basis point off of last week’s record low, according to Freddie Mac.

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Fed signals rates will stay near zero for at least three years

The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.

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How a tweak to the Federal Home Loan banks could save cities

Congress should pass legislation that would allow Home Loan banks to backstop deposits by local governments at commercial banks and lower the cost of bond financing, two mayors argue.

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Banks retreat again from residential servicing

The only rational strategy for holding MSRs is to be very aggressive on protecting the servicing assets via loan recapture. This is one of the chief reasons that banks have been willing to give up their share in lending and servicing as they collapse back to retail-only lending strategies.

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Homebuilder optimism hits record, fueled by low mortgage rates

U.S. homebuilder optimism rose to a record in September, with low mortgage rates driving a housing boom that has boosted the pandemic economy.

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Decline in refinances brings down mortgage application volume

Mortgage applications decreased 2.5% from one week earlier as refinance activity appears to decelerating, according to the Mortgage Bankers Association.

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SitusAMC acquires mortgage technology firm ComplianceEase

The deal brings yet another mortgage origination component under the same roof.

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Mortgage financing apps for new homes up 33% compared to last year

Loan applications for new homes have staged a remarkable turnaround this year after falling 25% month-over-month and 12% year-to-year due to the coronavirus’ impact in April.

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Metro Baton Rouge sees 11.2% rise in home sales

The number of homes sold in metro Baton Rouge, La., was 11.2% higher in August than the year before, continuing a hot streak triggered by low interest rates.

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