Mortgage applications increased 0.5% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 8, 2024.
Category: News and Trends
Quote of the Day
“The Federal Reserve’s 25-basis-point rate cut was already anticipated and did little to move the markets.” –Joel Kan, MBA’s Vice President and Deputy Chief Economist
Matic: Home Insurance Challenges Persist
Matic, Columbus, Ohio, released its latest report on the state of the home insurance industry, finding that factors such as climate change, availability and costs continue to weigh heavily.
October Foreclosure Filings Up on Monthly Basis, Down Annually, ATTOM Finds
ATTOM, Irvine, Calif., released its October Foreclosure Market Report, finding that foreclosures were up 4% from September but down 11% from last October.
CBRE: Strong Office Conversion Pipeline Will Boost Downtowns
CBRE, Dallas, said office conversions have had a great 2024, with 73 completed and another 30 scheduled for delivery by year-end–the most since the firm began tracking conversion projects eight years ago.
MBA National Advocacy Conference, April 8-9
MBA’s National Advocacy Conference is the only advocacy event focused solely on real estate finance issues. Through NAC25, we have one collective voice to influence major positive change for the real estate finance industry and the communities we serve.
An MBA Education Path to Diversity Scholar Profile: Tammy Hughes
One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.
Dealmaker: Dwight Capital Finances $59.9M Loan for California Apartments
Dwight Capital, New York, closed a $59.9 million HUD 223(f) refinance for an apartment community in Davis, Calif.
Redfin: Renter Households Outpace Homeowner Households
The number of renter households grew 2.7% in the third quarter year-over-year, to a record 45.6 million, Redfin, Seattle reported.
Chart of the Week: 10-Year Treasury and 30-Year Fixed Mortgage Rates
Both Treasury yields and mortgage rates declined from April to September 2024 in anticipation of the Federal Reserve’s first rate cut, influenced by the cooling job market and inflation moving towards the Fed’s 2 percent goal.