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Mortgage Application Activity Takes A Dive

Mortgage Application Activity Takes A Dive

by Phil Hall | Aug 16, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the week ending Aug. 11, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 0.8% on a seasonally adjusted...
July New Home Purchase Mortgage Applications Up 35.5%

July New Home Purchase Mortgage Applications Up 35.5%

by Phil Hall | Aug 15, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
MBA: Mortgage Application Volume Down 3.1%

MBA: Mortgage Application Volume Down 3.1%

by Phil Hall | Aug 9, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity continued to slow last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.1% on a seasonally adjusted basis and 4%...
Mortgage Credit Availability at 10-Year Low

Mortgage Credit Availability at 10-Year Low

by Phil Hall | Aug 8, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest data from the Mortgage Bankers Associations’ (MBA) Mortgage Credit Availability Index (MCAI) recorded a nadir not seen in a decade. The MCAI was down by 0.3% to 96.3 in July; the index was benchmarked to 100 in March 2012. The Conventional MCAI decreased by...
Mortgage Application Activity Slows Again

Mortgage Application Activity Slows Again

by Phil Hall | Aug 2, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity slowed during the past week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measurement for mortgage loan application volume, dropped by 3% on both a seasonally adjusted...
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