MBA Weekly Survey May 3, 2023: Purchase Apps Down; Refis Up
Overall mortgage applications fell from one week earlier, although refinance applications rose slightly as interest rates fell, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending April 28.
MISMO Seeks Comment on New Consumer-Facing Charge and Fee Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on a new Consumer-Facing Charge and Fee Guide. The 60-day public comment period runs through July 3.
MBA Research Roundup May 2023
Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry. For more information regarding MBA Research products, click on the headline.
Home Price Appreciation at 11-Year Low
Home price reports from CoreLogic, Irvine, Calif., and Black Knight, Jacksonville, Fla., show home prices, while continuing to rise, have slowed to levels not seen since 2012.
Vote: MBA.org Finalist for Website of the Year
mba.org has been chosen as one of three finalists for the 2023 Sitefinity Website of the Year Awards. MBA members can vote to ensure mba.org is the winner.
Commercial Property Prices Down 15% From Last Year
Green Street, Newport Beach, Calif., reported its Commercial Property Price Index decreased 0.2% in March and has fallen by 15% since property prices peaked a year ago.
Job Openings Fall to 2-Year Low
In the first of four major jobs reports this week, the Bureau of Labor Statistics reported job openings fell to their lowest level since April 2021.
