Mortgage applications fell for the first time in four weeks, while mortgage rates fell for the second straight week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 1.
MISMO®, the real estate finance industry standards organization, seeks public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information.
CoreLogic, Irvine, Calif., said year-over-year home price growth dipped slightly from April but still posted a 20.2% increase in May, the 124th consecutive month of gains.
Here is a summary of recent housing, market and economic reports that have come across the MBA NewsLink desk:
MBA Chart of the Week July 1, 2022: Projected Excess Supply of Housing from the Aging of Baby Boomers
The Research Institute for Housing America, MBA’s think tank, released a special report, “Who Will Buy the Baby Boomers’ Homes When They Leave Them?”, authored by Gary Engelhardt of Syracuse University. The report examines population aging, mortality and the future of the housing market.