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New Home Purchase Mortgage Applications Up 6.2%

New Home Purchase Mortgage Applications Up 6.2%

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

Mortgage applications for new home purchases in March were 6.2% higher than one year earlier, according to data from the Mortgage Bankers Association (MBA). On a monthly measurement, applications increased by 1% from February. MBA estimated new single-family home...
Refinancing Outpaces Purchase Loans in Latest MBA Data

Refinancing Outpaces Purchase Loans in Latest MBA Data

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

Refinance activity outpaced purchase loans in the latest data from the Mortgage Bankers Association (MBA) covering the week ending April 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by a scant 0.1% on a seasonally...
Mortgage Credit Availability Up in March

Mortgage Credit Availability Up in March

by Phil Hall | Apr 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability increased last month, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 1.1% in March to 93.9; the index was benchmarked to 100 in March 2012. The...
Mortgage Application Activity is Down Again

Mortgage Application Activity is Down Again

by Phil Hall | Apr 3, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications were down slightly in the latest data from the Mortgage Bankers Association (MBA) covering the week ending March 29. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 0.6% on a seasonally adjusted...
MBA Voices Opposition to Biden’s Rent Cap Proposal

MBA Voices Opposition to Biden’s Rent Cap Proposal

by Phil Hall | Apr 1, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Mortgage Bankers Association (MBA) has announced its opposition to a Biden administration plan to impose a 10% cap on annual rent hikes on properties that rely on the Low-Income Housing Tax Credit (LIHTC). In a press statement, MBA President and CEO Bob Broeksmit...
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