MBA Advocacy Update: Congress Passes Stopgap Funding Bill; NFIP Also Extended Until March
The U.S. House and Senate on Friday night passed a Continuing Resolution that averts a government shutdown and extends Fiscal Year 2024 funding levels through March 14, 2025. President Biden signed the measure Saturday.
MBA Chart of the Week: Annual Origination Dollar Volume
At its December meeting, the FOMC cut their rate target by another 25 basis points as the market had anticipated.
MBA: Mortgage Application Payments Increased 0.3% to $2,133 in November
Homebuyer affordability declined in November, with the national median payment applied for by purchase applicants increasing to $2,133 from $2,127 from October.
