According to the MBA’s Builder Application Survey, new home purchases applications decreased in January, although applications remain 42% higher compared to 2022’s totals.
Read More »Purchase, Refi Apps Both Show Gains
A consistent decline in mortgage rates has attracted the attention of buyers and those seeking refis, as the MBA reports a rise in mortgage apps in excess of 7% week-over-week.
Read More »Mortgage Applications Make Big Move
“Mortgage rates declined for the fourth straight week and have now fallen almost 40 basis points over the past month,” said Joel Kan, MBA’s VP and Deputy Chief Economist.
Read More »Home Purchase Mortgage Apps Fell Nearly 30% in December
Mortgage applications for new home purchases decreased 25.2% in December compared to a year ago, according to a new report from the MBA Builder Application Survey. The data shows the number of applications and estimated sales are more than 20% behind last year's pace.
Read More »Pending Sales Drop to Levels Last Seen in 2015
Redfin reports that 2023 has begun with homes selling for nearly the same price as a year earlier, with nationwide prices up just 0.5% year-over-year.
Read More »Year Begins With Mortgage Rates on the Upswing
Freddie Mac reports that 2023 has begun with a second consecutive week of mortgage rate hikes, with app activity sinking to a quarter-century low as high rates continue to weaken the housing market.
Read More »Mortgage App Volume Falls to Lowest Level Since 1996
Elevated mortgage rates continue to accentuate affordability concerns, keeping many prospective buyers out of the market. Meanwhile, the MBA reports application volume slid to close out 2022.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
Read More »Black, Native American Borrowers Still Facing Uneven Mortgage Playing Field
A new FairPlay analysis of U.S. mortgage approvals reveals deep inequities in mortgage fairness over time, as data found that mortgage fairness for both applicants in a community declines as the population of Black and Native American residents increases.
Read More »Mortgage App Payments Rose Nearly 4% in October
The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.
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