Mortgage Bankers Association (MBA)

Purchase Applicants Paid 6.8% More Compared To Last Year

An uptick in rates caused decline in applications leading up to Memorial Day weekend

Production losses down from $2,109 per loan in Q4 2023

With rates reaching seven-week low, total applications increase 1.9%

Payments past due increased on all loan types this year, the MBA reported

Compared to March 2024, applications increased by 2%.