MBA Chart of the Week: 30-Year Fixed Rate

As we summarize the state of the mortgage market in 2023, there is one series in particular that encapsulates the situation, mortgage interest rates.

MBA Chart of the Week: IMB Average Unrestricted Cash & Cash Equivalents

MBA Research recently released the third quarter results of its Quarterly Mortgage Bankers Performance Report. The results showed that independent mortgage banks and bank subsidiaries reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023.