Tag Archives: mortgage bankers association

Mortgage applications hit 25-year low as rates, hurricane kill demand

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After hitting 2022 highs last week, a weak hiring report released Tuesday has been helping to bring mortgage rates back down. Continue reading →

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

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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 →

Demand for home loans picks up for first time in 6 weeks

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Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading →

Congress closer to prodding VA to update appraisal requirements

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The Department of Veterans Affairs allows desktop appraisals when borrowers put 20 percent down, but nearly 90 percent of VA-backed loans are made to homebuyers who put nothing down. Continue reading →

Real estate trade groups prod Biden to cut annual FHA premiums

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The NAR, MBA and NAHB argue that the Federal Housing Administration is flush with cash, and that delinquency rates on FHA loans have returned to pre-pandemic lows. Continue reading →

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

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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 →

Mortgage demand flattens as rates make another run toward 6%

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There’s no sign of a rebound in purchase applications, but August data showing a strong job market “should support housing demand,” an MBA economist says. Continue reading →

Loan applications for home purchases continue 6-week slip

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Purchase loan activity has dropped in five of the last six weeks as some buyers remain wary, according to the Mortgage Bankers Association. Continue reading →

Will lower mortgage rates revive homebuyer demand?

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The largest weekly decline in mortgage rates since 2020 sparks increase in home loan applications after four weeks of declining demand, MBA’s survey says. Continue reading →