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Ouch! Mortgage Application Activity Sinks to 27-Year Low

Ouch! Mortgage Application Activity Sinks to 27-Year Low

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

The level of mortgage application activity evaporated last week, according to new data from the Mortgage Bankers Association (MBA). “Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates,” said Joel Kan, MBA’s vice...
MBA: Purchase Loan Applications at 28-Year Low

MBA: Purchase Loan Applications at 28-Year Low

by Phil Hall | Aug 23, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity continued to wither as inquiries for purchase loans evaporated to a level not seen in nearly three decades, according to the latest data from the Mortgage Bankers Association (MBA) tracking the week ending Aug. 18. The Market Composite...
Mortgage Application Activity Takes A Dive

Mortgage Application Activity Takes A Dive

by Phil Hall | Aug 16, 2023 | Current News & Events, Mortgage Information, 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 | Current News & Events, Mortgage Information, 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 | Current News & Events, Mortgage Information, 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%...
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