Mortgage demand weakened again as borrowing costs climbed to their highest level in nearly three years, adding fresh evidence that the latest rate surge is pushing both homebuyers and refinance borrowers to the sidelines. Mortgage applications fell 4.2% for the week...
The typical mortgage payment sought by homebuyers declined again in August, offering a modest measure of relief even as borrowing costs remained a major obstacle to affordability. The median monthly payment for purchase-mortgage applicants fell to $2,162 from $2,175...
The Mortgage Bankers Association has lowered its outlook for U.S. mortgage originations in both 2026 and 2027 as elevated mortgage rates continue to weigh on housing demand and refinancing activity. MBA’s September Mortgage Finance Forecast calls for...
Mortgage demand for newly built homes weakened again in August, extending a five-month slide even as builders continued to convert enough buyers to keep estimated new-home sales above July’s pace. The Mortgage Bankers Association’s Builder Application Survey showed...
Mortgage credit availability became tighter in August, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1% to a reading of 107.3 last month; the index was benchmarked to 100 in...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
