Mortgage Applications Follow 1st Weekly Increase With Similar Decline
After rising nearly 4% the previous week, applications fell nearly 4% last week as interest rates rose.
Tagged: Mortgage Bankers Association (MBA)
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Home Affordability Up For 3rd Straight Month In August
MBA, however, says the recent stretch of modest affordability improvement likely hit a speedbump this month, as mortgage rates rose above 6%.
For 1st Time In 6 Weeks, Mortgage Applications Increase
MBA economist says the nearly 4% increase 'underscores the overall volatility' of the current housing market.
Applications To Buy New Homes Fell 10% In August YOY
Month-over-month, purchase applications rebounded in August after four straight monthly declines.
MBA: Loans In Forbearance Dipped In August
Total loans in forbearance decreased by 2 basis points in August from July: from 0.74% to 0.72%.
U.S. House Passes VA Appraisal Modernization Legislation
'This legislation is an important first step towards broad modernization of VA appraisal processes.'