According to data from MBA’s State Monthly Activity Report (SMAR), purchase applications grew for 14 consecutive months until the impacts of COVID-19 slowed activity to a 2 percent decline in March. Most of the decline was likely in the last two weeks of the month, when many states enacted restrictions on non-essential business and social activity.
Tag: Joel Kan
MBA Chart of the Week: Year over Year Change in Purchase Applications
According to data from MBA’s State Monthly Activity Report (SMAR), purchase applications grew for 14 consecutive months until the impacts of COVID-19 slowed activity to a 2 percent decline in March. Most of the decline was likely in the last two weeks of the month, when many states enacted restrictions on non-essential business and social activity.
Home Builder Confidence Suffers Historic Drop
The economic effects of the coronavirus clobbered the home building industry this month, with the National Association of Home Builders reporting its Housing Market Index plunged a record 42 points to its lowest reading in nearly eight years.
Mortgage Applications Up as Interest Rates Hit Record Low in MBA Weekly Survey
Mortgage applications increased from one week earlier as the 30-year fixed interest rate fell to the lowest level in survey history, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 10.
Mortgage Applications Up as Interest Rates Hit Record Low in MBA Weekly Survey
Mortgage applications increased from one week earlier as the 30-year fixed interest rate fell to the lowest level in survey history, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 10.
March New Home Purchase Mortgage Applications Up
Mortgage Bankers Association Builder Applications Survey data showed mortgage applications for new home purchases increased by 14 percent in March from February and by 21.2 percent from a year ago, unadjusted.
March New Home Purchase Mortgage Applications Up
Mortgage Bankers Association Builder Applications Survey data showed mortgage applications for new home purchases increased by 14 percent in March from February and by 21.2 percent from a year ago, unadjusted.
March Mortgage Credit Availability Falls to 5-Year Low
Mortgage credit availability decreased in March to its lowest level since June 2015, according to the Mortgage Bankers Association’s monthly Mortgage Credit Availability Index.
March Mortgage Credit Availability Falls to 5-Year Low
Mortgage credit availability decreased in March to its lowest level since June 2015, according to the Mortgage Bankers Association’s monthly Mortgage Credit Availability Index.
Mortgage Applications Down in MBA Weekly Survey
Mortgage application activity took a hit last week as the housing market continued to struggle with the effects of the coronavirus pandemic, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending April 3.