Mortgage Application Payments Decreased 1.6% in May to $2,219: MBA
Homebuyer affordability improved in May, with the national median payment applied for by purchase applicants decreasing to $2,219 from $2,256 in April. This is according to the Mortgage Bankers Association's Purchase Applications Payment Index.
New Home Sales Drop 11% in May
New home sales fell significantly in May--to the weakest pace since late 2023, the U.S. census Bureau reported yesterday.
MISMO Calls for Industry Professionals to Join New Artificial Intelligence Community of Practice
MISMO, the real estate finance industry's standards organization, is inviting industry professionals to join a newly formed community of practice (CoP) focused on Artificial Intelligence (AI).
