NEW YORK—The mortgage industry is coming off two of its best years in history, despite a temporary but economically devastating pandemic. Now, economists said here at the MBA National Secondary and Capital Markets Conference & Expo, the industry is entering a more challenging environment.
The Mortgage Bankers Association this week released its revised monthly Economic Forecast and monthly Mortgage Finance Forecast. Here are highlights and commentary from MBA Associate Vice President of Economic and Industry Forecasting Joel Kan:
Mortgage applications fell for the first time in three weeks as interest rates hovered near 13-year highs, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 13.
NEW YORK—As with the mortgage industry, government agencies also had to transition quickly during the coronavirus pandemic.
CoreLogic, Irvine, Calif., said U.S. single-family rent price growth continued its record pace in March, up 13.6 percent from one year earlier.