Mortgage Bankers Association (MBA)

The recent decrease in purchase applications is an indication of potential weakness in home sales in the coming months.

Regardless of new or existing, data shows loan averages hitting record peaks

Rapid rise in mortgage rates slows purchase originations and refinances.

Some segments showed improvement in March 2022

Minor increase in purchase applications seen as positive development.

MBA’s new monthly index tracks what homebuyers can afford based on application data.