The Mortgage Bankers Association promoted Heather Messam to Vice President and Controller; Justin Wiseman to Vice President and Managing Regulatory Counsel; and Joel Kan to Vice President and Deputy Chief Economist.
Tag: Joel Kan
Mortgage Credit Availability Falls to 9-Year Low
Mortgage credit availability fell in September for the seventh straight month to its lowest level since 2013, the Mortgage Bankers Association reported Tuesday.
Mortgage Credit Availability Falls to 9-Year Low
Mortgage credit availability fell in September for the seventh straight month to its lowest level since 2013, the Mortgage Bankers Association reported Tuesday.
MBA Weekly Survey Oct. 5, 2022: Applications Fall to 25-Year Low
Mortgage applications took a huge hit last week, falling to their lowest level in 25 years as interest rates rose to their highest level since 2006, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 30.
MBA Weekly Survey Oct. 5, 2022: Applications Fall to 25-Year Low
Mortgage applications took a huge hit last week, falling to their lowest level in 25 years as interest rates rose to their highest level since 2006, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending September 30.
MBA Weekly Survey Sept. 28, 2022: Applications Decrease
Mortgage applications decreased 3.7 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 23, 2022.
Quote
“Applications for both purchase and refinances declined last week as mortgage rates continued to increase to multi-year highs following more aggressive policy measures from the Federal Reserve to bring down inflation. Additionally, ongoing uncertainty about the impact of the Fed’s reduction of its MBS and Treasury holdings is adding to the volatility in mortgage rates.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA Chart of the Week Sept. 23, 2022–Fed Dot Plots
In response to inflation continuing to run well above its target of 2%, the Federal Reserve this week again raised the federal funds target by 75 basis points. Now at 3%, the rate above what most FOMC members consider to be the long-term level and should be effective in reducing demand and slowing inflation over time.
MBA Weekly Survey Sept. 21, 2022: Applications, Interest Rates Rise
Mortgage applications rose for the first time in six weeks despite another sharp jump in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Sept. 16.
MBA Weekly Survey Sept. 21, 2022: Applications, Interest Rates Rise
Mortgage applications rose for the first time in six weeks despite another sharp jump in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Sept. 16.