Despite record-low mortgage rates, mortgage applications fell by 0.5 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending November 6.
Tag: Joel Kan
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 3.8 percent for the week ending October 30, 2020 compared to one week earlier, the Mortgage Bankers Association reported this morning.
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.
Record-Low Rates Spur Increase in MBA Weekly Applications Survey
With the 30-year fixed mortgage rate sitting smack on 3 percent, mortgage seekers got the message, sparking an increase in mortgage applications last week, the Mortgage Bankers Association reported Wednesday.
Record-Low Rates Spur Increase in MBA Weekly Applications Survey
With the 30-year fixed mortgage rate sitting smack on 3 percent, mortgage seekers got the message, sparking an increase in mortgage applications last week, the Mortgage Bankers Association reported this morning.
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.
Rates Tick Up, Applications Tick Down in MBA Weekly Survey
A slight uptick in the 30-year fixed rate kept purchase applications on the sidelines last week, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 16.