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21.8% Increase in New Home Purchase Mortgage Applications

21.8% Increase in New Home Purchase Mortgage Applications

by Phil Hall | Dec 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases during November recorded a 21.8% year-over-year increase, according to new data from the Mortgage Bankers Association (MBA). Compared to October 2023, applications were down by 12%. MBA estimated new single-family home...
Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion

Q3 Commercial/Multifamily Mortgage Debt Up by $37.1 Billion

by Phil Hall | Dec 14, 2023 | Commercial Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The total volume of commercial/multifamily mortgage debt outstanding rose to $4.63 trillion at the end of the third quarter, according to new data from the Mortgage Bankers Association (MBA). This marked an 0.8% increase, or $37.1 billion, from the second quarter....
Refinances Fuel Uptick in Mortgage Application Activity

Refinances Fuel Uptick in Mortgage Application Activity

by Phil Hall | Dec 13, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 8. The MBA’s Market Composite Index was up by 7.4% on a seasonally adjusted basis from one week earlier while the unadjusted...
Mortgage Credit Availability Down in November

Mortgage Credit Availability Down in November

by Phil Hall | Dec 12, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability declined in November, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1.7% to 96.5 last month; the index was benchmarked to 100 in March 2012. The...
Mortgage Application Activity Up 2.8%

Mortgage Application Activity Up 2.8%

by Phil Hall | Dec 6, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise again, according to Mortgage Bankers Association (MBA) data for the week ending Dec. 1. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from...
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