Mortgage applications for new home purchases decreased 25.2% in December compared to a year ago, according to a new report from the MBA Builder Application Survey. The data shows the number of applications and estimated sales are more than 20% behind last year's pace.
Read More »Mortgage App Payments Slipped Nearly 2% in November
According to a new report from the Mortgage Bankers Association, mortgage payments have increased by 42.9% in the first eleven months of the year.
Read More »Home Purchase Mortgage Apps Drop in November
According to new MBA Builder Application Survey data for November 2022, findings show mortgage applications for new home purchases decreased an estimated 25% compared to a year ago.
Read More »Mortgage App Payments Rose Nearly 4% in October
The Mortgage Bankers Association has released new data showing the national median mortgage payment rose to $2,012 in October, recording a slight climb from September. Meanwhile, median asking rents increased an estimated 6.2% between Q2 and Q3 of 2022.
Read More »Homebuyer Affordability Drops Even Further in September
Homebuyer affordability plummeted again in September according to the latest MBA analysis, with scarce supply, affordability constraints, and economic uncertainty continuing to hinder potential homebuyers.
Read More »Mortgage Applications for New Home Purchases Slip in May
New data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) for May 2022 shows mortgage applications for new home purchases have decreased an overall 5% in ...
Read More »IMBs Suffer Production Profit Decrease
The average loan balance for first mortgages increased to a new high of $312,306 in Q4, resulting in negative net gains on each loan originated.
Read More »Mortgage Applications Decreased 7.1% for New Home Purchases
The MBA estimates new single-family home sales will continue running at a seasonally adjusted annual rate of 887,000 units in December 2021.
Read More »Beyond the Transaction
For many consumers, the mortgage process is boiled down to a transactional experience focused on the lowest rate offers. Taking the longer view may yield a better outcome for borrowers.
Read More »Expert Insights: Recognizing Resilience
As forbearance programs begin to end, understanding consumer resilience will help both lenders and consumers.
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