Mortgage applications increased 2.2% from one week earlier, according to the MBA Weekly Mortgage Applications Survey for the week ending January 31, 2025.
Category: News and Trends
Dealmaker: Berkadia Arranges $126M Sale, $94M Financing in Sacramento
Berkadia, Ambler, Pa., arranged the $126 million sale of The Strand, a new 408-unit, garden-style apartment community in West Sacramento, Calif.
Redfin: Commissions Up Slightly For Affordable Homes, Down Slightly For Expensive Homes
The average buyer’s agent commission was 2.37% for homes sold in the fourth quarter, essentially unchanged from the third quarter, when new commission rules went into effect, according to Redfin, Seattle.
MBA Highlights Member White Papers
As a member service, MBA links to new white papers from our member firms.
(Sponsored) Breaking New Ground at Consolidated Analytics: Leadership Changes to Drive Transformative Growth
The housing and mortgage industry is experiencing seismic shifts, from rising interest rates to regulatory challenges and the demand for digital-first solutions. Consolidated Analytics (CA) is answering the call with game-changing leadership transitions that set the stage for transformative growth.
Higher-End Hotels Will Drive Industry Performance, CoStar and Tourism Economics Forecast
Higher-end hotels will continue to drive industry performance, according to CoStar, Washington, D.C. and Tourism Economics, Philadelphia.
ATTOM: Home Equity Steady in Q4
ATTOM, Irvine, Calif., released its Q4 2024 U.S. Home Equity and Underwater Report, showing that 47.7% of mortgaged residential properties could be deemed equity-rich in the quarter.
Fitch Says Mortgage Insurers Will See ‘Limited’ Earnings Pressure from Catastrophes
Fitch Ratings, New York, said recent natural catastrophe activity from wildfires and hurricanes will likely incrementally increase mortgage delinquencies, but will have a relatively immaterial effect on ultimate paid claims experience and ratings for mortgage insurers.
Quote of the Day
“Nearly half of all residential mortgage payers in the U.S. have paid off at least half their loans, leaving many with six-figures levels of wealth available to leverage anything from new home purchases to starting new businesses to paying off major expenses.”
–ATTOM CEO Rob Barber
RentCafe: Record Office-to-Apartment Unit Conversions Projected
RentCafe, Santa Barbara, Calif., found a record 70,700 apartments are set to be converted from office space.