Despite a slight drop in mortgage rates, mortgage applications fell for the sixth straight week, although refinance applications ticked up, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 28.
Tag: Joel Kan
MBA Weekly Survey Nov. 2, 2022: Applications Fall 6th Straight Week
Despite a slight drop in mortgage rates, mortgage applications fell for the sixth straight week, although refinance applications ticked up, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 28.
MBA Chart of the Week Oct. 28 2022: Year-Over-Year Changes in Origination Volume
This week’s MBA Chart of the Week examines year-over-year changes in origination volume ($ and units) dating back to 2016, and the forecasted volume from 2022 to 2025. In 2022, we expect a 15% decline in purchase origination dollars from 2021 but a steeper 27% decrease in the number of loans.
MBA Chart of the Week Oct. 28 2022: Year-Over-Year Changes in Origination Volume
This week’s MBA Chart of the Week examines year-over-year changes in origination volume ($ and units) dating back to 2016, and the forecasted volume from 2022 to 2025. In 2022, we expect a 15% decline in purchase origination dollars from 2021 but a steeper 27% decrease in the number of loans.
Robust Spending Boosts 3Q GDP
After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis Thursday.
MBA Weekly Survey Oct. 26, 2022: Rates Increase 10th Straight Week; Applications Drop Again
Mortgage rates rose for the 10th consecutive week, driving mortgage applications to another 25-year low, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 21.
MBA Weekly Survey Oct. 26, 2022: Rates Increase 10th Straight Week; Applications Drop Again
Mortgage rates rose for the 10th consecutive week, driving mortgage applications to another 25-year low, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 21.
People in the News Oct. 25, 2022: Megan Booth Joins MBA as AVP of Commercial/Multifamily Policy
Megan Booth joined the Mortgage Bankers Association’s Commercial/Multifamily Department as Associate Vice President of Commercial/Multifamily Policy.
MBA Forecast: Recession Likely in 2023, Mortgage Originations to Decline 9% to $2.05 Trillion
NASHVILLE—The Mortgage Bankers Association said total mortgage origination volume is expected to decline to $2.05 trillion in 2023 from the $2.26 trillion expected in 2022. Purchase originations are forecast to decrease by 3 percent to $1.53 trillion next year, while refinance volume is anticipated to decline by 24 percent to $513 billion.
MBA Forecast: Recession Likely in 2023, Mortgage Originations to Decline 9% to $2.05 Trillion
NASHVILLE—The Mortgage Bankers Association said total mortgage origination volume is expected to decline to $2.05 trillion in 2023 from the $2.26 trillion expected in 2022. Purchase originations are forecast to decrease by 3 percent to $1.53 trillion next year, while refinance volume is anticipated to decline by 24 percent to $513 billion.