CORONADO, Calif.—With a volatile economic outlook, how are the practitioners—the independent mortgage bankers—approaching 2023 and beyond?
Tag: Mike Fratantoni
(IMB23) Mortgage Market Outlook: Volatility, Trending Toward Stability
CORONADO, Calif.—Inflation. Higher interest rates. Rising home prices. Market uncertainty. If 2022 threw independent mortgage bankers a curve ball, 2023 already appears to be tossing a knuckleball.
MBA Chart of the Week Jan. 20 2023: New Residential Construction/Home Purchases
This week’s MBA Chart of the Week captures data on new residential construction market and the state of new single-family home sales.
MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.
MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.
MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread
This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.
MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread
This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.
2022 Jobs Finish on Strong Note
Although nonfarm payroll employment slowed toward the end of the year, it finished on a strong, steady pace, the Bureau of Labor Statistics reported Friday.
MBA Chart of the Week: New, Existing Home Sales
We are forecasting a weak start to 2023 for the housing market. Driven by a recession in the first half of the year and a continuation of the trends outlined above, we expect a 13% drop in existing home sales and a 4% decrease in new home sales for 2023, following 16% decreases in both segments in 2022.
MBA Chart of the Week: New, Existing Home Sales
We are forecasting a weak start to 2023 for the housing market. Driven by a recession in the first half of the year and a continuation of the trends outlined above, we expect a 13% drop in existing home sales and a 4% decrease in new home sales for 2023, following 16% decreases in both segments in 2022.