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Mortgage Application Activity Down for Sixth Straight Week

Mortgage Application Activity Down for Sixth Straight Week

by Phil Hall | Nov 6, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity trended downward during the week ending Nov. 1, according to data from the Mortgage Bankers Association (MBA). This marked the sixth straight week of application activity decline. The Market Composite Index, the MBA’s measure of mortgage...
MBA: Housing Affordability Improved in July

MBA: Housing Affordability Improved in July

by Phil Hall | Aug 30, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The national median payment applied for by purchase applicants during July was $2,140, down from $2,167 in June, according to new data from the Mortgage Bankers Association (MBA). Year-over-year, the payment level is down by $22. The national median mortgage payment...
Home Mortgage Lending Records Q2 Rebound

Home Mortgage Lending Records Q2 Rebound

by Phil Hall | Aug 29, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.62 million residential mortgages were issued during the second quarter, according to new data from ATTOM. This represents a 23.2% increase from the first quarter but a 1.6% drop from the second quarter of 2023. Purchase loan activity was up by 32.7%...
MBA: Mortgage Applications for New Home Purchases Up 13.8% in May

MBA: Mortgage Applications for New Home Purchases Up 13.8% in May

by Phil Hall | Jun 14, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases recorded a 13.8% year-over-year upswing in May, according to data from the Mortgage Bankers Association (MBA). Compared to April, application activity was up by 1%. The MBA estimated new single-family home sales were...
Refinancing Outpaces Purchase Loans in Latest MBA Data

Refinancing Outpaces Purchase Loans in Latest MBA Data

by Phil Hall | Apr 10, 2024 | Current News & Events, Mortgage Information, 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...
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