MBA: November New Home Purchase Mortgage Applications Increased 3.1%
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2025 shows mortgage applications for new home purchases increased 3.1% from a year ago. Compared to October 2025, applications decreased by 7%. This change does not include any adjustment for typical seasonal patterns.
Advocacy Update: MBA Calls on FHFA to Replace Tri-Merge with Single Report for Lower Risk Borrowers
On Friday evening, MBA sent a letter to Federal Housing Finance Agency Director William Pulte asking his agency to direct Fannie Mae and Freddie Mac to allow lenders the option to use a single credit report from one national credit repository for borrowers if the initial report shows a credit score of at least 700, rather than requiring a tri-merge report from every borrower.
