MBA Chart of the Week: Home Sales and Purchase Applications

As the U.S. economy works its way through the current pandemic and recession, housing has been a clear bright spot in an otherwise dire time. This week’s chart highlights the “V” shaped recovery exhibited by various measures of housing health.

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.

Mortgage Applications Up Again in MBA Weekly Survey

Mortgage applications rose for the third straight week, continuing a solid start to the new year despite a slight increase in interest rates, the Mortgage Bankers Associations morning in its Weekly Mortgage Applications Survey for the week ending February 7.

Mortgage Applications Decrease in MBA Weekly Survey

What goes up, must come down. Following a stellar start to the month last week, in which mortgage applications jumped by more than 30 percent after the New Year’s holiday, the pendulum swung back slightly.

Mortgage Applications Decrease in MBA Weekly Survey

What goes up, must come down. Following a stellar start to the month last week, in which mortgage applications jumped by more than 30 percent after the New Year’s holiday, the pendulum swung back slightly.

MBA Weekly Applications: A Tale of Two Surveys

Mortgage applications yo-yoed over the past two weeks, falling by 13 percent over the holiday break before regaining most ground the first week of January, the Mortgage Bankers Association reported in its Weekly Applications Survey for the weeks ending Dec. 27, 2019 and Jan. 3.