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Mortgage Application Activity Declines Again

Mortgage Application Activity Declines Again

by Phil Hall | Sep 27, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of mortgage application activity declined last week, according to new data the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 1.3% on a seasonally adjusted basis from...
Mortgage Application Activity Up for First Time in Five Weeks

Mortgage Application Activity Up for First Time in Five Weeks

by Phil Hall | Aug 30, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for purchase loans and refinances increased for the first time in five weeks, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 25. The Market Composite Index, the trade group’s measure of mortgage...
Mortgage Application Payments Up 17.2% From Last Year

Mortgage Application Payments Up 17.2% From Last Year

by Phil Hall | Aug 24, 2023 | Uncategorized

The national median payment made by purchase loan applicants was $2,162 during July, according to the latest data from the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). July’s payment level was mostly unchanged from June but...
Declines Reported in New Home Sales, Mortgage Application Activity

Declines Reported in New Home Sales, Mortgage Application Activity

by Phil Hall | Jul 26, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The latest housing market statistics showed a drop in home sales last month and a lower level of mortgage application activity last week. Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 697,000, according to estimates published...
Refinancing Fuels Uptick in Mortgage Application Activity

Refinancing Fuels Uptick in Mortgage Application Activity

by Phil Hall | Jul 19, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a slight increase thanks primarily to an increase in refinancing requests, according to new data from the Mortgage Bankers Association for the week ending July 14. The Market Composite Index, a measure of mortgage loan...
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