Mortgage applications for new home purchases recorded a 13.8% year-over-year upswing in May, according to data from the Mortgage Bankers Association (MBA). Compared to April, application activity was up by 1%. The MBA estimated new single-family home sales were...
Mortgage credit availability increased slightly in May, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) inched up by 0.1% to 94.1 in May; the index was benchmarked to 100 in March 2012. The...
Mortgage application activity slumped during the week ending May 24, according to the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 5.7% on a seasonally adjusted basis from one week...
Refinancing helped fuel an increase in mortgage application activity for the week ending May 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.9% on a...
Mortgage applications activity recorded a very mild upswing last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s of mortgage loan application volume, increased by 0.5% on a seasonally adjusted basis for the...