This week’s MBA Chart of the Week highlights the paths of existing home sales and purchase applications over the past five years.
Tag: Joel Kan
MBA Chart of the Week: Existing Home Sales (SAAR) and Purchase Mortgage Applications (SA)
This week’s Chart of the Week highlights the paths of existing home sales and purchase applications over the past five years.
Quote: Nov. 27, 2023
“Those who are sidelined by high prices and rates not only can’t afford a home now, but they’re not building wealth through homeownership for the future.”
–Redfin Senior Economist Sheharyar Bokhari
MBA Weekly Survey Nov. 22: Applications Increase
Mortgage applications increased 3.0 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 17, 2023.
Quote: Nov. 22, 2023
“Most mortgage rates in our survey decreased, with the 30-year fixed mortgage rate
decreasing to 7.41 percent, the lowest rate in two months.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
October Housing Starts Exceed Expectations
Housing starts rose in October to a seasonally adjusted annual rate of 1.37 million, exceeding the consensus expectation of 1.35 million.
MBA: October New Home Purchase Mortgage Applications Increased 39.7%
The Mortgage Bankers Association Builder Application Survey data for October 2023 shows mortgage applications for new home purchases increased 39.7% compared from a year ago.
MBA Weekly Survey Nov. 15: Mortgage Applications Increase
Mortgage applications increased 2.8% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 10, 2023.
MBA: Mortgage Credit Availability Increased in October
Mortgage credit availability increased in October according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
MBA Weekly Survey Nov. 8: Mortgage Applications Increase
Mortgage applications increased 2.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 3, 2023.