One of the worst weeks in U.S. economic history ended Friday with the Bureau of Labor Statistics reporting a staggering 20.5 million jobs lost in April and the unemployment rate jumping to its highest level since the Great Depression.
Tag: Joel Kan
Mortgage Credit Availability Falls to 6-Year Low
Mortgage credit availability fell sharply in April for the second straight month, to a six-year low, the Mortgage Bankers Association reported Thursday.
Mortgage Credit Availability Falls to 6-Year Low
Mortgage credit availability fell sharply in April for the second straight month, to a six-year low, the Mortgage Bankers Association reported this morning.
Purchase Applications Up, Overall Applications Down As Rates Hit Record Low in MBA Weekly Survey
Mortgage applications fell again last week despite an uptick in purchase applications and even as the 30-year fixed mortgage rate dropped to a record low, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending April 24.
Mortgage Applications Down Again in MBA Weekly Survey
Mortgage applications fell again last week despite an uptick in purchase applications and even as the 30-year fixed mortgage rate dropped to a record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 24.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending April 17.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 17.
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.
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.