Tag Archives: MBA

Mortgage demand stalls as rates climb toward 7% on Fed moves

By Matt Carter | September 28, 2022 - 11:00 am |September 28, 2022 Uncategorized

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Rates for borrowers with lower credit scores who are making smaller down payments have already climbed past 7 percent. Continue reading →

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

By Matt Carter | September 21, 2022 - 7:20 pm |September 21, 2022 Uncategorized

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Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

Mortgage rates pass 6% as demand for loans continues dramatic fall

By Daniel Houston | September 14, 2022 - 3:40 pm |September 14, 2022 Uncategorized

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Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index. Continue reading →

Drop in mortgage rates triggers more interest in refinancing than homebuying

By Matt Carter | November 10, 2021 - 12:01 pm |November 10, 2021 Uncategorized

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Requests to refinance accounted for almost two-thirds of all mortgage applications during the week ending Nov. 5. Continue reading →

Demand for purchase loans up for second time in May

By Matt Carter | May 26, 2021 - 11:00 am |May 26, 2021 Uncategorized

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Demand for purchase mortgages was up a seasonally adjusted 2 percent from the week before but down slightly from a year ago. Continue reading →

Housing market slows despite record low interest rates

By Kelsey Ramírez | April 28, 2021 - 3:56 pm |April 28, 2021 Uncategorized

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The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why. Continue reading →

Mortgage forbearances continue slow decline

By Kelsey Ramírez | April 26, 2021 - 8:00 pm |April 26, 2021 Uncategorized

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Mortgage forbearances decreased for the eighth consecutive week, though at a slower rate than the past two weeks, according to the latest Mortgage Bankers Association report. Continue reading →

Purchase mortgage originations to hit a new record in 2021

By Kelsey Ramírez | April 22, 2021 - 5:52 pm |April 22, 2021 Uncategorized

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The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4 percent to a new record of $1.67 trillion in 2021. Continue reading →

To reach borrowers, servicers need to speak their language: MBA panel

By Kelsey Ramírez | April 22, 2021 - 1:54 pm |April 22, 2021 Uncategorized

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Servicers must be empathetic, acknowledging to begin the conversation, a panel of experts at the Mortgage Bankers Association’s Spring Conference and Expo said on Wednesday. Continue reading →

Interest rate drop drives sudden surge in housing activity

By Kelsey Ramírez | April 21, 2021 - 2:03 pm |April 21, 2021 Uncategorized

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Mortgage applications increased 8.6 percent on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association. Continue reading →