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MBA: Slower Pace on Applications for New Home Purchase Applications

MBA: Slower Pace on Applications for New Home Purchase Applications

by Phil Hall | Jul 19, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in June inched up 0.7% year-over-year but dropped by 16% month-over-month, according to new data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally adjusted...
Mortgage Application Activity in 4% Upswing

Mortgage Application Activity in 4% Upswing

by Phil Hall | Jul 17, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were on the rise again, according to data from Mortgage Bankers Association (MBA) covering the week ending July 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis...
Real Estate Leaders Push Back at Biden’s Rent Control Proposals

Real Estate Leaders Push Back at Biden’s Rent Control Proposals

by Phil Hall | Jul 16, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In an attempt to reanimate a struggling re-election campaign that has been burdened by calls from within his party to step aside, President Biden is trying to shift his campaign’s focus to the challenges facing the housing market by calling for new federal rent...
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

MBA: Mortgage Credit Availability Up for Sixth Consecutive Month

by Phil Hall | Jul 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability was on the rise last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) rose by 1% to 95.0 in June; the index was benchmarked to 100 in March 2012. The...
Mortgage Application Activity Takes a Downturn

Mortgage Application Activity Takes a Downturn

by Phil Hall | Jul 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity dipped in the latest Mortgage Bankers Association (MBA) data tracking the week ending July 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, slipped by a scant 0.2% percent on a seasonally adjusted...
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