An uptick in rates caused decline in applications leading up to Memorial Day weekend
Tagged: Mortgage Bankers Association (MBA)
Production losses down from $2,109 per loan in Q4 2023
With rates reaching seven-week low, total applications increase 1.9%
Payments past due increased on all loan types this year, the MBA reported
Compared to March 2024, applications increased by 2%.
Latest MBA survey shows purchase and refinance applications still lagging, with 17% and 6% respective decreases YOY
Weekly survey from Mortgage Bankers Association shows decrease in purchase and refinance applications.
If 2022 was bad, more expenses, fewer sales, and thinner margins in 2023 makes 2024 a make-or-break year for many.
New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.
The MBA's weekly mortgage applications survey shows decline in last week's application volume