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MBA: HELOC Activity Up 50% Since Pandemic Began

MBA: HELOC Activity Up 50% Since Pandemic Began

by Phil Hall | Jul 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mortgage Bankers Association (MBA) published its Home Equity Lending Study for the first time since 2020 and determined originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans were up 50% in 2022 compared to two years...
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

by Phil Hall | Jul 21, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases increased 26.1% year-over-year in June, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey. Compared to May, applications were down by 5%. MBA estimated new single-family home sales were...
Refinancing Fuels Uptick in Mortgage Application Activity

Refinancing Fuels Uptick in Mortgage Application Activity

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

Mortgage application activity recorded a slight increase thanks primarily to an increase in refinancing requests, according to new data from the Mortgage Bankers Association for the week ending July 14. The Market Composite Index, a measure of mortgage loan...
MBA: Mortgage Application Activity Up Slightly

MBA: Mortgage Application Activity Up Slightly

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

The latest data from the Mortgage Bankers Association (MBA) recorded an uptick in mortgage application activity for the week ending July 7. The Market Composite Index, a measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis from...
Mortgage Application Activity Goes Into Decline

Mortgage Application Activity Goes Into Decline

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

Mortgage application activity last week experienced a downturn, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down 4.4% on a seasonally adjusted basis...
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