Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
Tag: Joel Kan
MBA Weekly Survey Dec. 6: Mortgage Applications Increase
Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 1, 2023. Last week’s results include an adjustment for the observance of the Thanksgiving holiday.
MBA Weekly Survey Nov. 29: Mortgage Applications Increase
Mortgage applications increased 0.3 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 24, 2023.
New Home Sales Dip From September
New single‐family home sales fell 5.6% in October to a seasonally adjusted annual rate of 679,000, the Census Bureau reported Monday.
MBA Chart of the Week: Existing Home Sales (SAAR) and Purchase Mortgage Applications (SA)
This week’s MBA Chart of the Week highlights the paths of existing home sales and purchase applications over the past five years.
MBA Chart of the Week: Existing Home Sales (SAAR) and Purchase Mortgage Applications (SA)
This week’s Chart of the Week highlights the paths of existing home sales and purchase applications over the past five years.
Quote: Nov. 27, 2023
“Those who are sidelined by high prices and rates not only can’t afford a home now, but they’re not building wealth through homeownership for the future.”
–Redfin Senior Economist Sheharyar Bokhari
MBA Weekly Survey Nov. 22: Applications Increase
Mortgage applications increased 3.0 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 17, 2023.
Quote: Nov. 22, 2023
“Most mortgage rates in our survey decreased, with the 30-year fixed mortgage rate
decreasing to 7.41 percent, the lowest rate in two months.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
October Housing Starts Exceed Expectations
Housing starts rose in October to a seasonally adjusted annual rate of 1.37 million, exceeding the consensus expectation of 1.35 million.