Mortgage Bankers Association (MBA)

The Mortgage Bankers Association reports a 19.1% year-over-year increase in new home purchase applications, with a seasonally adjusted annual rate reaching 700,000 units, the highest since October 2023.

A 2.3% fall in mortgage applications signals ongoing affordability challenges, with rising interest rates dampening both refinance and purchase demand.

The MBA says fourth quarter delinquencies climb.

Trade associations claim trigger leads are dangerous to consumers.

Consumer sentiment about actually buying a home, however, is pessimistic.

The Refinance Index experienced a notable uptick of 12% from the preceding week.