Mortgage Bankers Association (MBA)

The former Federal Housing Commissioner died unexpectedly.

As interest rates dip, both refinance and purchase applications experience notable upticks.

Holiday-adjusted data reveals a sharp decline in mortgage applications, with purchase activity down 12% from the previous year.

Homebuyers experience some relief with decreasing mortgage payments.

On an unadjusted basis, the Index showed a more pronounced decline, dipping by 3% compared to the preceding week.

Bright spot amid slow year for purchase originations as first-time buyers drive demand.