How mortgage lenders can help applicants become homebuyer-ready, creating future prospects when market strengthens.
Category: News and Trends
Quote: July 31, 2024
“Mortgage rates were little changed last week, with the 30-year fixed mortgage rate unchanged at 6.82%.” –Mike Fratantoni, MBA’s SVP and Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 26, 2024.
May Indexes Reveal Year-Over-Year Price Gains
The Federal Housing Finance Agency released its seasonally adjusted monthly House Price Index for May, revealing that year-over-year prices were up 5.7%, but flat from April.
People in the News, Aug. 1, 2024
Industry personnel news from Mobility Market Intelligence and ServiceLink.
Early Bird Registration Open: MISMO Fall Summit Aug. 26-29
The MISMO Fall Summit is right around the corner. Join us in Reston, Virginia—just outside Washington, D.C.—August 26-29 for a program filled with presentations and strategy sessions focused on some of the most pressing issues in the industry.
Premier Member Profile: Sagent
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)
RentCafe IDs Cities With Roomiest Apartments on a Budget
RentCafe, Santa Barbara, Calif., recently analyzed which cities feature the largest apartments for $1,500 monthly rent. Topping the list of big cities was Wichita, Kan., followed by Toledo, Ohio.
Dealmaker: Merchants Capital Secures $17.1M for Indiana Development
Merchants Capital, Carmel, Ind., announced it secured $17.1 million in financing for a supportive housing development in Indianapolis for households recovering from addiction.
Quote: July 30, 2024
“Home equity originations were relatively flat in 2023 compared to 2022.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.