There was an increase of activity in the mortgage application space, according to new data from the Mortgage Bankers Association (MBA) covering the week ending June 9. The Market Composite Index, a measure of mortgage loan application volume, was up by 7.2% on a...
In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
Mortgage application activity declined for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA). At the end of last week, the trade group’s Market Composite Index was down by 1.4% on a seasonally adjusted basis from one week...
A total of 1.25 million mortgages secured by residential property were originated in the first quarter of this year, according to new data from ATTOM. This represented a 19% drop from the fourth quarter of 2022 – the eighth consecutive quarterly decrease – and a 56%...
Americans were not rushing to fill out mortgage applications last week. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, decreased 3.7% on a seasonally adjusted basis for the week ending May 26 compared to...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
