The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.
Tag: MBA Chart of the Week
MBA Chart of the Week: Selected Indexes of Housing Costs
The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.
MBA Chart of the Week July 31: Analyzing HMDA Data
A total of 4,290 companies reported lending activity under the Home Mortgage Disclosure Act (HMDA) in 2022, according to MBA’s analyses of the dataset.
MBA Chart of the Week July 31: Analyzing HMDA Data
A total of 4,290 companies reported lending activity under the Home Mortgage Disclosure Act (HMDA) in 2022, according to MBA’s analyses of the dataset.
MBA Chart of the Week July 24: Divergence Between Existing and New Home Sales
The divergence between existing and new home sales activity continues to grow.
MBA Chart of the Week July 24, 2023
The divergence between existing and new home sales activity continues to grow. This MBA Chart of the Week compares data from our Builder Applications Survey, which captures home purchase applications on newly constructed homes taken by mortgage companies affiliated with home builders, and the Weekly Applications Survey, which covers a broader sample of lenders who originate loans in the retail and consumer direct channels.
MBA Chart of the Week July 17, 2023: IMB Production Expenses Vs. Gross Production Expenses
In May, MBA Research released the first quarter results of its Quarterly Mortgage Bankers Performance Report (QPR). Total loan production expenses – commissions, compensation, occupancy, equipment, and other production expenses and corporate allocations – increased to a study-high of $13,171 per loan in the first quarter.
MBA Chart of the Week July 10, 2023
The U.S. Census Bureau released updated construction spending survey data. Also referred to as the Value of Construction Put in Place, the survey covers all private residential construction and improvements, non-residential construction, and public construction.
MBA Chart of the Week July 10, 2023
The U.S. Census Bureau released updated construction spending survey data. Also referred to as the Value of Construction Put in Place, the survey covers all private residential construction and improvements, non-residential construction, and public construction.
MBA Chart of the Week July 3, 2023: Office Property Sales Volumes and Values
In commercial real estate, all eyes remain on the office market. That is despite the fact that multifamily mortgage debt – accounting for $2.0 trillion of the $4.6 trillion of total outstanding — is almost three times as large and office accounts for just 17 percent of total CRE debt.