The national median mortgage payment was $1,897 in May, a slight increase from $1,889 in April and $572 higher than in May 2021, according to this week’s Purchase Applications Payment Index release.
Tag: Joel Kan
MBA Weekly Survey June 22, 2022: Applications on a Winning Streak Despite Nearly 6% Interest Rates
After falling for more than a month, mortgage applications rose for the second week in a row, even as interest rates nearly reached 6 percent—the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 17.
MBA Weekly Survey June 22, 2022: Applications on a Winning Streak Despite Nearly 6% Interest Rates
After falling for more than a month, mortgage applications rose for the second week in a row, even as interest rates nearly reached 6 percent—the highest level since 2008, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 17.
MBA Chart of the Week June 17 2022: Federal Reserve Projections
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.
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.