After nearly a month of declines in mortgage application volume, the MBA reported that apps rose 6.6% week-over-week, as the industry braces itself for the latest rate hike by the Fed.
Read More »Mortgage Credit Supply Slides for Third Straight Month
As lending standards continue to tighten, mortgage credit supply fell to its lowest level since last July, according to the Mortgage Bankers Association.
Read More »GSEs Affirm Commitment to Equitable Housing Access Nationwide
The Federal Housing Finance Agency (FHFA) has released Fannie Mae's and Freddie Mac's (the GSEs) Equitable Housing Finance Plans for 2022-2024. These plans were designed to complement the ...
Read More »Mortgage Application Volume Falls to 22-Year Low
The MBA reports overall mortgage app volume slid 6.5% week-over-week, with buyers continuing to be shunned by a combo of high rates and prices, amid slowly rising inventory.
Read More »New Home Purchase Apps Drop Nearly 11% in April
As builders continued to face rising costs, supply-chain issues, and extended completion times, the buying market has cooled amid high mortgage rates and lingering affordability concerns.
Read More »Industry Mourns the Death of Dr. Frank Nothaft
Longtime analyst and economist passes away suddenly, having dedicated 40-plus years to the industry.
Read More »MBA Sees New Mortgage Payments Rise
As stated in Issac Newton’s Third Law, For every action, there is an equal and opposite reaction. While Newton’s laws were meant to be applied to the world ...
Read More »Mortgage App Volume Falls to Four-Year Low
With rates still above the 5% mark, mortgage application volume fell for the fourth time in five weeks, hitting a low last seen in December of 2018.
Read More »Mortgage Rates Fall in the Face of ‘Multiple Headwinds’
A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability and inflationary issues remain hurdles that prospective buyers are still unable to overcome.
Read More »Rate Volatility and Economic Instability Drive Down Mortgage Apps
Consistently rising mortgage rates are forcing many refi borrowers to reconsider, as refinance activity is down 66% year-over-year according to the MBA.
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