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Mortgage Application Payments Down by Nearly 4%

Mortgage Application Payments Down by Nearly 4%

by Phil Hall | Sep 26, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants dropped from $2,140 in July to $2,057 in August, a 3.9% tumble, according to new data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, the median payment was down by $113, a...
Number of Loans in Forbearance Up in August

Number of Loans in Forbearance Up in August

by Phil Hall | Sep 25, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The total number of loans now in forbearance increased by 4 basis points to 0.31% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). A total of 155,000 homeowners are currently in forbearance plans. The share of Fannie Mae and Freddie Mac...
Refinancing Drives Up Mortgage Application Activity

Refinancing Drives Up Mortgage Application Activity

by Phil Hall | Sep 25, 2024 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners seeking refinancing drove the increased volume of mortgage applications for the week ending Sept. 20, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased...
Mortgage Application Activity Up 14.2%

Mortgage Application Activity Up 14.2%

by Phil Hall | Sep 18, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A growing number of people were taking out mortgages last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 14.2% on a seasonally adjusted basis on a...
Mortgage Application Activity and Credit Availability Record Upticks

Mortgage Application Activity and Credit Availability Record Upticks

by Phil Hall | Sep 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports from the Mortgage Bankers Association (MBA) pointed to positive developments in the home loan market. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.4% on a seasonally adjusted basis in the week...
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