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Mortgage Application Activity Sinks Amid Economic Tumult

Mortgage Application Activity Sinks Amid Economic Tumult

by Phil Hall | May 24, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A combination of ongoing financial stress and new jitters over the debt ceiling talks helped to scare aware potential mortgage borrowers. The Mortgage Bankers Association reported that its Market Composite Index, a measure of mortgage loan application volume,...
Fewer Mortgage Applications Amid Rising Rates

Fewer Mortgage Applications Amid Rising Rates

by Phil Hall | May 17, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, WRE News Exclusive

Mortgage application activity slowed last week as rates continued to rise, according to new data from Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was down by 5.7% on a seasonally adjusted basis...
Q1 Household Debt Tops the $17 Trillion Level

Q1 Household Debt Tops the $17 Trillion Level

by Phil Hall | May 15, 2023 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

U.S. household debt passed the $17 trillion mark for the first time, according to data from the Federal Reserve Bank of New York. The newly published Quarterly Report on Household Debt and Credit reported a $148 billion (0.9%) increase to $17.05 trillion by the end of...
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