“Mortgage rates reached its highest level since January, following higher Treasury yields. Additional market volatility has added to the increase, keeping the mortgage-Treasury spread wider than it was earlier this year.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
Mortgage applications decreased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 23, 2025.
U.S. house prices rose 4.0% between the first quarter of 2024 and the first quarter of 2025, according to the U.S. Federal Housing Finance Agency House Price Index.
ACES Quality Management, Denver, saw the overall critical defect rate for Q4 2024 drop to 1.16%, the second lowest level since ACES began compiling the report.
Look at the completion rate rather than the coverage rate to lower verification costs, Truework Co-Founder and General manager Ethan Winchell writes.
MISMO, the real estate finance industry’s standards organization, announced that enhancements to the MISMO Version 3.6 Reference Model and the new MISMO Version 3.6.1 Reference Model have reached “Candidate Recommendation” status, which means that they have been thoroughly reviewed by a wide range of organizations and industry participants and are available for industry use.
Cotality, Irvine, Calif., released its latest Single-Family Rent Index, finding that single-family rent prices rose 2.9% year-over-year in March.
Join your colleagues at the MBA Chairman’s Conference in Sea Island Resort and participate in the MBA Opens Doors Foundation Annual Charity Wine Auction. Registration and participation are free!
This week’s top legislative and policy news from the Mortgage Bankers Association.
The Mortgage Bankers Association is proud to offer mPower, MBA Promoting Opportunities for Women to Extend their Reach, the largest networking organization for women in real estate finance.
