The Refinance Index decreased 0.1% from the previous week and was 50% lower than the same week last year.
Tagged: Mortgage Bankers Association (MBA)
MBA says the MISMO board is leading efforts to deploy essential standards & innovative resources that solve the industry's highest-priority business challenges.
While availability rose, the overall index was 30% lower than February 2020 and close to the lowest supply of mortgage credit since 2014.
Mortgage applications decreased 3.3% from one week earlier, according to the MBA's Weekly Mortgage Applications Survey for the week ending Oct. 29, 2021.
MBA weekly survey finds 1.1 million homeowners in a forbearance plan as of Oct. 24, 2021
Mortgage applications decreased 6.3% from a week earlier, while refinance applications were down for the fourth week in a row.
The Mortgage Bankers Association (MBA) on Monday launched an effort to have its members pledge to promote minority homeownership, affordable rental housing, and company diversity, equity and inclusion.
Mortgage Bankers Association 2022 outlook also sees continued decline in refinancing loans
Kristy Fercho, executive vice president and head of home lending at Wells Fargo, is the new chairman.
MBA's Mortgage Credit Availability Index rose 1.5% last month, the third consecutive monthly increase.