Tagged: Mortgage Bankers Association (MBA)

Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.

Senate Amendment 2358, banning 'abusive' trigger leads, was added to the Senate's Fiscal Year 2025 NDAA

With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase

Refinance applications more than double year-over-year

Applications remained unchanged from July, but estimated new home sales increased almost 15% over the month, said the MBA.

Purchase locks sank 16% year over year, despite August being the most affordable month for home buying since February.

As mortgage rates tick down, refinances tick up

Credit standards loosen with uptick in cash-out refis and Non-QM loans, MBA reports

CoreLogic determines how many loans would be ripe for a refi if rates drop again

Refinance share reaches its highest level in two-and-a-half years