Analysis and Data

MBA economist: With mortgage rates now at 4.5%, “it is no surprise that refinance volume has dropped by more than 50% compared to this time last year.”

The MBA study found that 76% of the firms posted a pre-tax net financial profit in the fourth quarter, down from 92% in the third quarter.

MBA’s monthly Loan Monitoring Survey found the share of loans in forbearance fell to 1.18%, the 21st consecutive monthly decline.

NAHB research shows, however, that the costs for some building materials are experiencing declines.

Median home sales prices continue to surge

Each of the four major U.S. regions saw sales of existing homes fall on a month-over-month basis in February.

Home value growth last year exceeded median income in 25 of 38 major metros it studied, with appreciation reaching higher than $100,000 in 11 of them.

Yet, Hispanics 81% more likely to be denied a mortgage.

Fannie Mae's Economic & Strategic Research Group says mortgage rates likely to experience competing 'flight to quality' and fed-tightening pressures.

Privately owned housing units authorized by building permits in February were 1.9% below the revised January rate.