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MBA: Mortgage Applications for New Home Purchases Up 13.8% in May

MBA: Mortgage Applications for New Home Purchases Up 13.8% in May

by Phil Hall | Jun 14, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

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 Inches Up

Mortgage Credit Availability Inches Up

by Phil Hall | Jun 7, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

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 Declines Again

Mortgage Application Activity Declines Again

by Phil Hall | May 29, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

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 Drives Uptick in Mortgage Application Activity

Refinancing Drives Uptick in Mortgage Application Activity

by Phil Hall | May 22, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

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 Application Activity Inches Up Slightly

Mortgage Application Activity Inches Up Slightly

by Phil Hall | May 15, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

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...
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