The Mortgage Bankers Association Builder Application Survey data for June 2024 shows mortgage applications for new home purchases increased 0.7% compared from a year ago.

MBA’s Mortgage Action Alliance grassroots lobbying network encourages members to contact their Senators to stress the importance of advancing Senate Amendment 2358, which would add the MBA-supported trigger leads bill, the Homebuyers Privacy Protection Act of 2024, to the National Defense Authorization Act.

Optimal Blue, Plano, Texas, found a “stagnant” late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year.