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Mortgage Application Activity Slows for Third Straight Week

Mortgage Application Activity Slows for Third Straight Week

by Phil Hall | Jun 4, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications activity was down for the third straight week, according to data from the from the Mortgage Bankers Association (MBA) covering the week ending May 30; the data included an adjustment for the Memorial Day holiday. The Market Composite Index, the...
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down

Mortgage Rates Inches Up, Homebuyer Affordability Inches Down

by Phil Hall | May 29, 2025 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates inched closer to the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of May 29, up from last week when it averaged 6.86%. A year ago at this time, it averaged...
Mortgage Application Activity Drops as Home Prices Rise

Mortgage Application Activity Drops as Home Prices Rise

by Phil Hall | May 28, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity fell for the second consecutive week as home prices were on the rise. The Market Composite Index, the Mortgage Bankers Association’s (MBA) measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis for the...
MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’

MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’

by Phil Hall | May 21, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The chief executive of the Mortgage Bankers Association (MBA) praised the Trump administration for having a strong understanding of how the housing market operates. Speaking before the trade group’s 2025 Secondary and Capital Markets Conference, MBA President and CEO...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | May 21, 2025 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the week ending May 16, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one...
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