ValuePenguin, a division of LendingTree, Charlotte, N.C., found that two in three home insurance policyholders say their rates rose in 2024.
Category: News and Trends
Pending Home Sales Jump
Pending home sales jumped 6.1% in March–the greatest month-to-month increase since late 2023–the National Association of Realtors reported.
Quote of the Day
“MBA has long advocated for Congress to update FHA multifamily loan limits to levels that are consistent with housing and economic conditions.”
–MBA President and CEO Bob Broeksmit, CMB
Dealmaker: Mesa West Capital Provides $45M Loan for Nashville Hotel Acquisition
Mesa West Capital, Los Angeles, provided $45.36 million in first mortgage debt for the acquisition of an Embassy Suites hotel in Nashville, Tenn.
Case-Shiller Index Up 3.9% in February
The S&P CoreLogic Case-Shiller Indices found a 3.9% annual gain in 2025, down from an annual gain of 4.1% in January.
Quote of the Day
“Mortgage rates were little changed last week with the 30-year fixed rate at 6.89%. Mortgage application activity, particularly for home purchases, continues to be subdued by broader economic uncertainty and signs of labor market weakness, dropping to the slowest pace since February.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 4.2% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending April 25, 2025.
Mortgage Banking Bound: Developing the Next Generation of Mortgage Professionals
Mortgage Banking Bound is educating and inspiring the next generation of industry professionals.
May 14-17: MBA Legal Issues and Regulatory Compliance Conference
Mark your calendar: MBA’s Legal Issues and Regulatory Compliance Conference takes place in San Diego from May 14 through 17.
JLL: U.S. Most Popular Spot for Private Wealth Investment in CRE
JLL, Chicago, released its 2025 Private Wealth report, finding that the U.S. attracted 40% of all global private wealth investment volumes in commercial real estate from 2013-2024.