Urgent plea for clarity on rate hikes and MBS sell-offs amidst fears of an economic downturn and housing market instability.
Tagged: Mortgage Bankers Association (MBA)
30-year fixed rate sees its highest climb in 23 years, leading to a significant slowdown in the housing market.
Reports from ATTOM and MBA highlight steepest drop since 2007, with 99% of counties surpassing historical averages in home and condo pricing.
With mortgage rates hitting a 20-year peak, a 1.3% dip in applications reflects the strain on homebuyers and limited motivation for refinancing.
Refinance activity shows growth, but remains significantly below last year's figures.
Mortgage Bankers Association’s Loan Monitoring Survey shows a decrease as homeowners recover from pandemic-related hardships.
New home sales fueled by first-time buyers and low existing inventory, despite higher mortgage rates; MBA's survey indicates 702,000 units sold at peak pace in three months.
Refinancing dips as interest rates climb: homeowners face new market dynamics.
Jumbo loans drive the uptick while conforming index hits its lowest since 2011; industry trends towards streamlined offerings.
Indiana banker honored for three decades of service to mortgage compliance.