“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.
Tag: Joel Kan
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.
MBA: October New Home Purchase Mortgage Applications Increased 39.7%
The Mortgage Bankers Association Builder Application Survey data for October 2023 shows mortgage applications for new home purchases increased 39.7% compared from a year ago.
MBA Weekly Survey Nov. 15: 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 Nov. 10, 2023.
MBA: Mortgage Credit Availability Increased in October
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA Weekly Survey Nov. 8: Mortgage Applications Increase
Mortgage applications increased 2.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 3, 2023.
Quote: Nov. 8, 2023
“MBA is disappointed that the report fails to engage in a more meaningful examination of the potential benefits of diversifying the FHLB system through the expansion of membership to other critical providers of mortgage origination, servicing, and investment activities,” –Pete Mills, Senior Vice President of Residential Policy and Strategic Industry Engagement at MBA
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
This week’s Chart of the Week highlights the October Employment Situation results released Friday.
MBA Weekly Survey Nov. 1: Mortgage Applications Decrease
Mortgage applications decreased 2.1 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 27, 2023.
MBA Weekly Survey Nov. 1: Mortgage Applications Decrease
Mortgage applications decreased 2.1 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 27, 2023.