Mortgage applications for new home purchases during March were up by 26% from the prior month and up 11% year-over-year, according to data from the Mortgage Bankers Association’s (MBA) Builder Application Survey. “Applications for the purchase of newly built...
Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI) a report from the Mortgage Bankers Association (MBA). Last month, the MCAI inched up by 1.1% to 108.3; the index was benchmarked to 100 in March 2012. The...
Mortgage application activity slowed during the week ending April 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 0.8% on a seasonally adjusted basis from...
Mortgage application activity slowed during the week ending March 27 amid a steep decline in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, fell by 10.4% on...
The national median mortgage payment during February was $2,061. down $9 from January and down by $144 (6.5%) from one year earlier. According to data from the Mortgage Bankers Association (MBA), last month’s national median mortgage payment for conventional loan...
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
