“New home purchase activity strengthened in February, in line with seasonal patterns, as higher housing inventory and declining rates supported growth.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Category: News and Trends
MBA: February New Home Purchase Mortgage Applications Decreased 6.9%
The Mortgage Bankers Association Builder Application Survey (BAS) data for February 2025 shows mortgage applications for new home purchases decreased 6.9% compared from a year ago.
Optimal Blue: February Sees Surge in Rate-and-Term Refinances
Optimal Blue, Plano, Texas, recorded a 7% month-over-month increase in mortgage lock volume in February, largely driven by strong refinance activity.
Rob Chrane: Are We Undercounting First-Time Homebuyers? Why Counting Methodology Matters
First-time homebuyers are the foundation of a lender’s long-term success, writes Down Payment Resource’s Rob Chrane. But how many first-time buyers are actually entering the market? And are lenders misjudging their presence based on the data they rely on?
Essentials for Executives and Board Members: Module V: Mortgage Servicing Rights (April 11)
Click here for more About the Event MBA is pleased to offer a comprehensive program designed to empower your board members and senior executives in confidently leading your organization. Our Leading …
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 11.2% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 7, 2025.
MBA Statement on the Nomination of Andrew Hughes as HUD Deputy Secretary
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on Andrew Hughes’ nomination to serve as Deputy Secretary at the Department of Housing and Urban Development (HUD).
Dealmaker: Greystone, Cushman & Wakefield Close $63M Transaction in Maryland
Greystone, New York, and Cushman & Wakefield, Chicago, provided acquisition financing for, and arranged the sale, respectively, of a 312-unit multifamily property in Burtonsville, Md.
Zillow: Late May Best Time to Sell Home
Zillow, Seattle, analyzed 2024 home sales, finding home sellers who listed their home for sale in the second half of May fared the best.
Carrington Mortgage Services’ Elizabeth Balce Testifies on VA Home Lending
Elizabeth Balce, Executive Vice President of Servicing, Carrington Mortgage Services, testified Tuesday at a legislative hearing before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.