Tag Archives: mortgage bankers association

Homebuyers seizing the day as mortgage rates continue to slide

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Demand for purchase loans picks up for fourth consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides. Continue reading →

Economists agree rates have peaked. But will they come down?

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Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years. Continue reading →

Homebuyers perk up as mortgage rates hit lowest level in 2 months

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Requests for purchase loans were up 4 percent last week compared to the week before, but down 20 percent from the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading →

Mortgage groups urge FHA to ditch ‘life of loan’ premium payments

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Having just slashed annual mortgage insurance premiums on new FHA loans by 35 percent in March, and with total insurance in force growing faster than reserves, HUD officials show no signs of giving in to long-standing industry demands. Continue reading →

Drop in bond yields could also give mortgage rates room to ease

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Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October. Continue reading →

Housing groups urge Federal Reserve to stop hiking rates

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MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin Continue reading →

Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae

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Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading →

Forecasters see home sales bottoming out this year, and then?

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MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing. Continue reading →

Mortgage rate surpasses 7% in new 2023 high as demand falls again

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Even after adjusting for seasonal factors, applications for purchase loans fell for the fifth-straight week as mixed inflation data raised doubts that Fed will ease, pushing mortgage rates to new highs. Continue reading →

Demand for mortgages wanes as rates plateau near 2023 highs

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A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading →