MBA Weekly Survey Mar. 15, 2023: Rates Drop; Applications Up Second Straight Week
Mortgage applications rose for the second consecutive week as a drop in mortgage interest rates spurred an uptick in activity, the Mortgage Bankers Association reported Tuesday in its Weekly Mortgage Applications Survey for the week ending March 10.
MISMO Seeks Second Round of Public Comment for the Version 3.6 Reference Model
MISMO®, the real estate finance industry standards organization, seeks a second round of public comment on Version 3.6 of the MISMO Reference Model. The 30-day public comment period runs through April 13.
U.S. Loses 58 ‘Million-Dollar Cities’ Since July
Zillow, Seattle, said 464 cities in the U.S. have typical home values of $1 million or more. That’s way down from last July, when 522 cities hit the mark.
Freddie Mac Multifamily Investment Index Drops
The Freddie Mac Multifamily Apartment Investment Market Index fell by 7.6% in the fourth quarter, and by 25.8% year over year.
Inflation Rate Continues to Slow…Slowly
The federal government’s key measure of inflation—the monthly Consumer Price Index—continued to slow in February, albeit not by much.