Mortgage applications decreased 3.9% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 26, 2024. 

According to a new report released by the Mortgage Bankers Association's Research Institute for Housing America (RIHA) examining current mortgage design models, underwriting standards, and intervention policies would help alleviate market pressures resulting from high levels of mortgage defaults.

The Federal Housing Finance Agency released its seasonally adjusted monthly House Price Index for May, revealing that year-over-year prices were up 5.7%, but flat from April.