Refinancing activity gains momentum from lowest mortgage rates since August 2023.
Tagged: Mortgage Bankers Association (MBA)
MBA's PAPI went up, which means affordability is declining.
Kelley's focus will be on Republican members in the House.
Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.
Approximately 145,000 homeowners in forbearance as COVID-related reasons decrease.
Data from MBA Builder Application Survey reveals significant year-over-year growth.
Data from MBA's Weekly Mortgage Applications Survey reveals purchase and refinance applications increased to the highest weekly pace in five weeks
MBA report indicates $1,015 loss per loan in Q3; servicing rights keep the lights on
Early-stage delinquencies rise according to MBA's report, while foreclosure starts stay low, suggesting resilience in the housing market despite concerns over increasing unemployment rates.
Purchase applications gain, but refinance remains subdued.