Mortgage Bankers Association (MBA)

Median purchase payment fell 5.2% YOY

Refinance activity increased to 55.7% of total applications from 51.2% the previous week

Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.

Senate Amendment 2358, banning 'abusive' trigger leads, was added to the Senate's Fiscal Year 2025 NDAA

With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase

Refinance applications more than double year-over-year