The Federal Reserve is racing to catch up to economic events, announcing a 75-basis-point increase in the federal funds rate and signaling more increases following last week’s FOMC meeting.
Tag: Joel Kan
Rising Rates, Tight Inventories Dampen MBA Builder Apps Survey
May mortgage applications for new home purchases fell by 4 percent from April and by 5 percent from a year ago, the Mortgage Bankers Association reported Thursday.
Rising Rates, Tight Inventories Dampen MBA Builder Apps Survey
May mortgage applications for new home purchases fell by 4 percent from April and by 5 percent from a year ago, the Mortgage Bankers Association reported Thursday.
MBA Weekly Survey June 15, 2022: Applications Up 1st Time in 5 Weeks
Mortgage applications rose for the first time in five weeks, even as interest rates jumped to the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 10.
MBA Weekly Survey June 15, 2022: Applications Up 1st Time in 5 Weeks
Mortgage applications rose for the first time in five weeks, even as interest rates jumped to the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 10.
Mortgage Credit Availability Falls 3rd Straight Month
Mortgage credit availability fell for the third straight month in May to its lowest level since last July, hamstrung by tightening in mortgage refinance loans, the Mortgage Bankers Association reported Thursday.
Mortgage Credit Availability Falls 3rd Straight Month
Mortgage credit availability fell for the third straight month in May to its lowest level since last July, hamstrung by tightening in mortgage refinance loans, the Mortgage Bankers Association reported Thursday.
MBA Weekly Survey June 8, 2022: Applications Fall to 22-Year Low
Mortgage applications decreased 6.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 3, 2022.
MBA Weekly Survey June 8, 2022: Applications Fall Again
Mortgage applications decreased 6.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 3, 2022.
MBA Chart of Week June 3, 2022: MBA Purchase Applications Payment Index
In March, MBA released its inaugural monthly Purchase Applications Payment Index (PAPI) – an affordability index that measures how new fixed-rate 30-year purchase mortgage payments vary across time relative to income. The third PAPI release on May 26 – based on April MBA Weekly Applications Survey data – gives us a picture of how affordability has been affected by increasing interest rates and elevated loan application amounts in the first third of 2022.