The Mortgage Bankers Association this morning released its July Builder Applications Survey, reporting mortgage applications for new home purchases increased by 39 percent from a year ago and by 1 percent from June.
Tag: Joel Kan
MBA: July New Home Purchase Mortgage Applications Up 1% from June, 39% from Year Ago
The Mortgage Bankers Association this morning released its July Builder Applications Survey, reporting mortgage applications for new home purchases increased by 39 percent from a year ago and by 1 percent from June.
Record Low Rates Drive Mortgage Applications Increase in MBA Weekly Survey
Mortgage applications rose for the fourth time in five weeks as key interest rates once again fell to record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 7.
Record Low Rates Drive Mortgage Applications Increase in MBA Weekly Survey
Mortgage applications rose for the fourth time in five weeks as key interest rates once again fell to record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 7.
MBA Chart of the Week: Processing Times in Days for HELOCs and Home Equity Loans
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
Mortgage Credit Availability Increased in July
Mortgage credit availability increased in July according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.
Quote
“Credit availability rose slightly in July–the first increase in eight months–as the supply of certain types of adjustable-rate mortgages and jumbo loans increased. The improvement was more of a leveling off from the precipitous drop earlier this spring.”–MBA Associate Vice President of Economic and Industry Forecasting Joel Kan.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications decreased 5.1 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 31.
MBA Chart of the Week: Contribution to GDP Growth
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
2nd Quarter GDP Takes One to the Chin
We were warned that second quarter gross domestic product data was going to be bad. Even so, the numbers that came out yesterday were off the charts–literally.