MBA Weekly Survey Dec. 21, 2022: Falling Rates Boost Refis for 2nd Straight Week
The lowest interest rates since September spurred an uptick in refinance activity for the second straight week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 16.
MBA Commends Senate for Passing Bill to Improve VA Home Loan Benefit
The Mortgage Bankers Association commended the Senate for passing H.R. 7735, the Improving the VA Home Loan Benefit Act of 2022.
November Housing Starts Down Slightly; Permits Plunge
Housing starts fell in November but beat expectations, the Census Bureau and HUD reported Tuesday. The news, however, came in building permits, which fell sharply from both October and a year ago.
CoreLogic: Annual Single-Family Rent Price Growth Falls to Single Digits
CoreLogic, Irvine, Calif., said annual U.S. single-family rent growth slowed for the sixth straight month in October to 8.8%, the lowest growth rate in more than a year.
FHFA Announces Final Rule for New GSE Products, Activities
The Federal Housing Finance Agency published a final rule that requires Fannie Mae and Freddie Mac to provide advance notice to FHFA of new activities and obtain prior approval before launching new products.