MBA Weekly Applications Survey Sept. 29, 2021: Higher Treasury Yields Push Rates Up; Applications Down
Mortgage applications fell last week as mortgage rates reached their highest level since July, the Mortgage Bankers Association reported Tuesday in its Weekly Mortgage Applications Survey for the week ending September 24.
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, kicked off the MBA Risk Management, QA and Fraud Prevention Forum with a tacit acknowledgement that the past year has been the busiest for the real estate finance industry in years.
Commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report.
Annual home price growth of 20 percent—once considered as unrealistic as, say, the Cleveland Browns winning a Super Bowl—is suddenly, like the Browns, a very distinct possibility.
The large-market office sector recovery lost momentum in August amid renewed concerns about COVID-19 variants, reported CBRE, Dallas.
Loans in forbearance fell to under 3 percent for the first time since March 2020, the Mortgage Bankers Association reported Monday.