Tag Archives: Mortgage Bankers Association

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 ...

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.

The MBA estimates new single-family home sales will continue running at a seasonally adjusted annual rate of 887,000 units in December 2021.

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.

As forbearance programs begin to end, understanding consumer resilience will help both lenders and consumers.

One economist described 2020 as "the strongest [year] for residential construction since 2006.” Click through to read about the latest housing market data.

A broad array of industry spokespersons discussed how the new administration can work with the industry, as well as voicing some concerns over the departure of Kathleen Kraninger from the CFPB.

An economist also noted that “homebuyers in early 2021 continue to seek newer, larger homes.”

While economists expect mortgage rates to increase modestly in 2021, they will remain categorically low, supporting homebuyer demand and leading to continued refinance activity.

The Refinance Index was 93% higher year-over-year. Click here to learn more about the latest data.