MBA Weekly Survey Oct. 18: Mortgage Applications Decrease

Mortgage applications decreased 6.9 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Oct. 13, 2023.

MBA Honors Susan Stewart with Lowrie-Woodward Distinguished Service Award

PHILADELPHIA–The Mortgage Bankers Association honored Susan Stewart, Chief Executive Officer of SWBC Mortgage Corporation, with its Lowrie-Woodward Distinguished Service Award. The award recognizes the dedication and prominent service to MBA and the mortgage lending industry in a variety of capacities involving both legislative and regulatory activities. Stewart was presented with the award in a ceremony held here during MBA’s 2023 Annual Convention & Expo.

Quote: Oct. 18, 2023

“Applications decreased to their lowest level since 1995, as the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70 percent – the highest level since November 2000.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.

MBA Opens Doors Foundation Announces 2023 Award Winners

PHILADELPHIA–The MBA Opens Doors Foundation announced the recipients of its annual awards, which recognize those who have made lasting contributions to advance the Foundation’s mission of providing mortgage and rental assistance to families with critically ill or injured children.