Tag Archives: mortgage bankers association

The shift has begun — but rate hikes won’t be housing’s Achilles’ heel

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Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Continue reading →

Lower mortgage rates fail to rekindle homebuyer interest

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As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week. Continue reading →

Homebuyer mortgage demand falls even as rates ease from 2022 highs

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Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading →

Real estate hiring keeps pace with strong US jobs growth

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Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth. Continue reading →

Purchase loan demand perks up as mortgage rates plateau

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MBA forecaster Joel Kan sees the uptick in loan requests as a “potentially a good sign for the spring home buying season, which has seen a slow start thus far.” Continue reading →

The US economy’s run stalls, but real estate forges ahead

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The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Continue reading →

Zillow changes tune on 2023 home values and sales. Here’s why

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Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Continue reading →

Rising home prices expected to drive record purchase loan volume

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High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, even though rising mortgage rates could put a dent in sales of existing homes, according to the Mortgage Bankers Association. Continue reading →

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

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After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading →