Mortgage Bankers Association (MBA)

Forbearance rate has been flat for 3 months, a sign 'we may have reached a floor on further improvements.'

New framework takes effect on May 1, but MBA asks agency to be 'flexible' with that date.

MBA survey finds new home purchase activity — both for applications and estimated sales — ran more than 20% behind last year's pace.

While the NAHB/Wells Fargo Housing Market Index remains low, it rose for the first time since December 2021.

Both purchase and refi applications spike as mortgage rates fell in second week of 2023.

After falling 13% at years end, applications rise 1.2% in first week of 2023.