Mortgage application activity edged up for the week ending Aug. 28, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased by a mild 0.8% on a seasonally adjusted...
There is a strange contradiction developing in the mortgage market right now, and I think we need to be careful about how we talk about it. By most broad measures, the mortgage system is still in pretty good shape. There is no national foreclosure crisis, there is no...
Homebuyer affordability improved in July, with the national median mortgage payment applied for by purchase applicants decreasing to $2,175 from $2,191 in June. According to data from the Mortgage Bankers Association (MBA), last month’s national median mortgage...
Mortgage application activity slowed for the week ending Aug. 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 1% on a seasonally adjusted basis from one...
Mortgage applications for new home purchases during July were down by 1% from the prior month and down 5.7% from one year before, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated new single-family home sales were running at a...