Tag Archives: Mortgage Bankers Association (MBA)

An analysis of mortgage application volume finds a decline in volume, with higher prices continuing to prevail despite rates in the 3% range.

While the struggle between tight inventory and high demand continues, are record high sticker prices forcing prospective borrowers out of the market in droves?

A recent MReport-hosted webinar examined how the industry has utilized outsourcing to maintain steady workflows, while juggling the increase in volume over the past year.

After rising above the 3% mark last week, mortgage rates dipped this week, with low and stable rates continuing to drive a booming market.

Both purchase apps and refinances showed declines this week, as first-time homebuyers are being “squeezed” out of the market as a result of short supply and high prices.

Buyer demand, coupled with a lack of inventory, continues to apply pressure on home prices—which are predicted to remain at double-digit increases through Q3.

Even with a slight market cooldown, homes are still selling at all-times highs and in record time, as found by a new Redfin report.

President Biden continues to strengthen housing's regulators, nominating Julia Gordon and Dave Uejio for HUD leadership roles.

Continued low inventory and increasing affordability issues remain obstacles in a market experiencing continued low rates, as NAR issues key data gauging the course of the market to wrap up Q2.

For the first time in 10 weeks, mortgage rates have risen above the 3% mark, with forecasters projecting a gradual rise in rates to close out 2021.