Tagged: Mortgage Bankers Association (MBA)

High rates and the lock-in effect have kept existing homes out of reach, but new construction sees positive growth

But, three consecutive months of rising consumer prices flash a warning signal for 2025

Refinances rose 27% last week and purchase demand remained steady, despite mortgage rates at 6.67%

Lackluster investor interest and industry consolidation are taking their toll on the market's liquidity

Despite holiday hiccup, more people are indeed applying for home loans

Mortgage applications up 6.3% before mortgage rates fall slightly over holiday weekend

September may have been the closest to 6% that mortgage rates will be for awhile.

Conventional, FHA loans drive increase in purchase applications

Lenders generated a pre-tax net profit of $701 on each loan originated in the third quarter, MBA reports

Not responsible for the uptick were mortgage rates, which reached their highest level since July last week