Lenders tightened mortgage credit in the first half of 2020, as the onset of the COVID-19 pandemic caused the economy to suffer its sharpest single-quarter contraction in history. Mortgage credit availability, as measured by our series of indexes, has recovered slightly in recent months. However, availability is still close to its tightest levels since 2014.
Tag: Joel Kan
Existing Home Sales Finish 2020 at Highest Levels Since 2006
Existing home sales finished 2020 with the strongest performance in 14 years, the National Association of Realtors reported on Friday.
Housing Starts Finish 2020 on Strong Note
Housing starts rose for the second straight month in December and finished the year at its strongest pace since 2006, HUD and the Census Bureau reported yesterday.
Mortgage Applications Decrease in MBA Weekly Survey
With mortgage rates rising to a two-month high, mortgage applications fell last week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 15.
Mortgage Applications Decrease in MBA Weekly Survey
With mortgage rates rising to a two-month high, mortgage applications fell last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 15.
December New Home Purchase Mortgage Applications Up 42% From Year Ago
The Mortgage Bankers Association’s Builder Application Survey data for December shows mortgage applications for new home purchases edged up by just 0.2 percent from November but improved by 42.2 percent from a year ago.
December New Home Purchase Mortgage Applications Up 42% From Year Ago
The Mortgage Bankers Association’s Builder Application Survey data for December shows mortgage applications for new home purchases edged up by just 0.2 percent from November but improved by 42.2 percent from a year ago.
Mortgage Applications Blast Off in MBA Weekly Survey
Mortgage applications—particularly refinance applications—surged last week as key interest rates held relatively steady and borrowers took advantage, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 8.
Mortgage Applications Blast Off in MBA Weekly Survey
Mortgage applications—particularly refinance applications—surged last week as key interest rates held relatively steady and borrowers took advantage, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 8.
December Mortgage Credit Availability Decreases
Mortgage credit availability decreased in December, the Mortgage Bankers Association reported this morning.