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.
Tag: Joel Kan
MBA Weekly Survey June 1, 2022: Applications at 4-Year Low
Mortgage applications fell for the third straight week to their lowest level since 2018, despite interest rates falling for the fourth time in five weeks, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 27.
MBA Weekly Survey June 1, 2022: Applications at 4-Year Low
Mortgage applications fell for the third straight week to their lowest level since 2018, despite interest rates falling for the fourth time in five weeks, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 27.
MBA Weekly Applications Survey May 25, 2022: Refi Fade Keeps Activity Down
Mortgage applications fell for the second straight weeks even though mortgage interest rates also fell over the same period, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 20.
MBA Weekly Applications Survey May 25, 2022: Refi Fade Keeps Activity Down
Mortgage applications fell for the second straight weeks even though mortgage interest rates also fell over the same period, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 20.
MBA Chart of the Week May 20, 2022: ARM Loan Trends
The recent increase in the adjustable-rate mortgage share of applications has caught the attention of market participants and the media. The ARM share has increased from 3.1 percent in the first week of January to 10.3 percent as of the week ending May 13, peaking at 10.8 percent the week prior.
MBA Chart of the Week May 20, 2022: ARM Loan Trends
The recent increase in the adjustable-rate mortgage share of applications has caught the attention of market participants and the media. The ARM share has increased from 3.1 percent in the first week of January to 10.3 percent as of the week ending May 13, peaking at 10.8 percent the week prior.
Existing Home Sales Fall to Near 2-Year Low
Existing home sales fell for the third straight month, the National Association of Realtors reported Thursday, to their lowest level since June 2020.
MBA Builder Apps Survey Shows Monthly, Yearly Declines
Mortgage applications for new home purchases in April fell by 14 percent from March and by 10.6 percent from a year ago, the Mortgage Bankers Association reported Thursday.
MBA Builder Apps Survey Shows Monthly, Yearly Declines
Mortgage applications for new home purchases in April fell by 14 percent from March and by 10.6 percent from a year ago, the Mortgage Bankers Association reported Thursday.