Anticipating an increase in mortgage volume driven by improving rates and favorable demographics.
Tagged: Mortgage Bankers Association (MBA)
MBA supports legislation aimed at enhancing the Low Income Housing Tax Credit, potentially creating 200,000 additional rental units and addressing the housing affordability crisis.
Demand for new homes remains strong despite seasonal dip in December.
The former Federal Housing Commissioner died unexpectedly.
As interest rates dip, both refinance and purchase applications experience notable upticks.
Holiday-adjusted data reveals a sharp decline in mortgage applications, with purchase activity down 12% from the previous year.
Homebuyers experience some relief with decreasing mortgage payments.
On an unadjusted basis, the Index showed a more pronounced decline, dipping by 3% compared to the preceding week.
Bright spot amid slow year for purchase originations as first-time buyers drive demand.
Forbearance rate drops to 0.26%, indicating continued resilience in servicing portfolio performance.