Mortgage Bankers Association (MBA)

Mortgage Credit Availability Drops Again, Leaving Borrowers High and Dry

Economists tell real estate editors to expect some improvement in the housing market in 2024.

Trend continued despite drop in mortgage rates from recent high.

The MBA's Market Composite Index fell 3.7% on a seasonally adjusted basis, the third-straight weekly decline.

Monthly update for May forecasts mild recession starting in Q2.

MBA's affordability index finds mortgage application payments rose 0.9% to $2,112.