Mortgage Bankers Association (MBA)

Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports

Not responsible for the uptick were mortgage rates, which reached their highest level since July last week

Improved profitability expected for largest nonbank mortgage lenders — if higher origination volumes actually materialize.

CAR expects home prices to soften as inventory rises and competition cools

Sales remained steady leading up to Election Day

The MBA's weekly index decreased for the fifth consecutive week as mortgage rates have risen nearly 70 basis points in that period