MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.
CoreLogic: Single-Family Rent Growth Falls 7th Straight Month
CoreLogic, Irvine, Calif., reported U.S. single-family rent growth slowed for the seventh consecutive month in November but said growth remains positive.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Increase
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter, the Mortgage Bankers Association's latest CREF Loan Performance Survey reported.
MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread
This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.
Dealmaker: Fontainebleau Las Vegas Secures $2.2B in Construction Financing
A partnership between Fontainebleau Development, Aventura, Fla., and Koch Real Estate Investments, Dallas, secured a $2.2 billion construction loan to complete 67-story hotel and casino Fontainebleau Las Vegas.
