MBA Weekly Survey Dec. 14, 2022: Applications Rebound After 2 Down Weeks
Mortgage applications rose for the first time in three weeks, despite an uptick in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 9.
November CPI Posts Welcome ‘Modest’ Increase
It’s not often that “modest” has economic significance, but when it refers to inflation as of late, then “modest” is perhaps a welcome description.
RCLCO: Real Estate Sentiment Hits Record Low as Recession Looms
RCLCO, Washington, D.C., reported its Real Estate Market Sentiment Index decreased 26.9 points over the past six months and dropped 80.6 points since the most recent peak.
Biz2Credit: November Loan Approvals Drop at Banks, Credit Unions
Biz2Credit, New York, said small business loan approval percentages at big banks dropped from 14.7% in October to 14.6% in November, the second lowest total in 2022.
MBA Offers FHFA Recommendations on Housing Equity
The Mortgage Bankers Association, in a letter to the Federal Housing Finance Agency, offered a set of recommendations addressing the Agency’s efforts to improve home equity, particularly with respect to the racial homeownership gap.
