Homebuyer affordability improved in March, with the national median payment applied for by purchase applicants decreasing to $2,173 from $2,205 in February.
Category: News and Trends
Down Payment Resource: 43 New Assistance Programs Added in Q1 2025
Down Payment Resource, Atlanta, released its Q1 2025 Homeownership Program Index report, finding that 43 programs were added in the quarter. That brings the total number of available programs to a report high of 2,509.
Total Commercial Real Estate Borrowing and Lending Increased 16% in 2024, MBA Reports
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16% increase from the $429 billion in 2023, and a 39% decrease from $816 billion in 2022.
MBA Premier Member Editorial: Is the Rocket-Mr. Cooper Deal A Catalyst for Change in Mortgage Servicing?
The recent announcement of Rocket’s acquisition of Mr. Cooper represents more than just another M&A deal–it marks the beginning of a fundamental shift in how the market’s largest players view servicing portfolios and technology infrastructure, Blend’s Nima Ghamsari writes.
Introduction to Mortgage Banking (on Demand): May 12-June 9
Introduction to Mortgage Banking provides a broad overview of the world of single-family mortgage finance.
New Home Sales Jump in March
New home sales jumped 7.4% in March compared to February, the Census Bureau and HUD reported Wednesday.
Today: Learn How to Maximize Your MBA Benefits
Don’t miss the free webinar on April 24 to learn how you can maximize Your MBA membership.
MBA Asks HUD to Update FHA Multifamily Accelerated Processing Program
MBA sent the Department of Housing and Urban Development a letter urging the agency to consider some recommended updates to its FHA Multifamily Accelerated Processing program to lower housing costs and boost housing supply.
Quote of the Day
“Overall mortgage application activity declined last week, as rates increased to their highest level in two months. The 30-year fixed rate rose for the second straight week to 6.9%, an almost 30-basis-point increase over two weeks.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 12.7% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending April 18, 2025.