Analysis and Data

Homebuyer demand outstrips supply as mortgage rates creep up; demand has grown 15 times faster than supply since 2019.

Bank of America reported that family support often plays a key role in helping first-generation homebuyers purchase their home.

In September, demand for second homes was 60% higher than it was before the coronavirus pandemic.

Forbearance decreased by 34 basis points from 2.62% of servicers' portfolio volume the previous week to 2.82%.

The Mortgage Bankers Association's Builder Application Survey reported a 16.2% year-over-year decline in new home purchase apps for Sept. 2021.

Homebuyers are finding slightly more selection, more price cuts, and a bit more time to evaluate a home before it goes under contract.

A study conducted by TransUnion, which explores the creditworthiness of low-to-moderate income consumers, revealed that the segment represents a $300 billion growth opportunity for the mortgage industry.

Mortgage Bankers Association 2022 outlook also sees continued decline in refinancing loans

MBA's Mortgage Credit Availability Index rose 1.5% last month, the third consecutive monthly increase.

The ESR Group expects The Federal Reserve to begin tapering assets in the purchase program by the end of the year.