Wed, Jan 18 2023, 9:41 AM
loan application volume, increased 27.9 percent on a seasonally adjusted basis The Refinance Index rose 34 percent week-over-week but remains 81 p...
Wed, Jan 11 2023, 8:10 AM
Overall mortgage application activity returned to pre-holiday levels during the first week of the new year. Lower interest rates bolstered refinancing...
Wed, Jan 4 2023, 8:22 AM
The end-of-year holiday season took its usual toll on mortgage applications. The Mortgage Brokers Association (MBA) report this morning recapped the p...
Wed, Dec 28 2022, 3:02 PM
Stop me if you've heard this one before: home sales numbers continue to suffer due to a perfect storm of higher rates, lofty prices, and tighter purse...
Tue, Dec 27 2022, 1:13 PM
Annual home price increases fell back into single digits in October. Both the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency’s (FHFA’s)...
Fri, Dec 23 2022, 11:52 AM
New home sales in November were a bit of a surprise, but a downward revision to October numbers accounted for much of the unexpected increase. The U.S...
Wed, Dec 21 2022, 1:08 PM
"No one" is a relative term when it comes to economic data. There are actually about 4 million people per year buying existing homes based on the ann...
Wed, Dec 21 2022, 8:33 AM
Continuing declines in interest rates contributed to a substantial increase in applications for refinancing heading into the holiday season. This push...
Tue, Dec 20 2022, 4:14 PM
Housing Starts, the jargon word used to refer to the inception of new residential construction, have a fairly logical relationship with building permi...
Mon, Dec 19 2022, 2:31 PM
The Housing Market Index (HMI) from the National Association of Homebuilders (NAHB)--typically referred to simply as "builder confidence"--is argued t...
Wed, Dec 14 2022, 9:01 AM
The mortgage market disregarded a slight increase in interest rates last week. Refinance applications posted a second weekly gain, and the Purchase M...
Wed, Dec 7 2022, 1:37 PM
Fannie Mae’s Home Purchase Sentiment Index (HPSI) showed some signs of life in November, posting its first increase in nine months. The index, which d...
Wed, Dec 7 2022, 8:19 AM
Application volume the past week didn’t fully recover from the usual Thanksgiving week losses a week prior. Refinancing did improve, but purchase vol...
Mon, Dec 5 2022, 3:46 PM
Black Knight released its Mortgage Monitor report today--always a treasure trove of robust housing/mortgage-related data. Of particular interest this...
Wed, Nov 30 2022, 10:19 AM
October saw contracts to purchase existing homes fall for the fifth straight month. The National Association of Realtors® (NAR) said its Pending Home...
Wed, Nov 30 2022, 8:28 AM
Thanksgiving had its usual effect on the mortgage market during the week ended November 25, although the third week of easing interest rates helped mo...
Tue, Nov 29 2022, 11:30 AM
If you're just here for the conforming loan limit news, $726,200 is the number for 2023. Does this mean no one can get a mortgage for more than $72...
Wed, Nov 23 2022, 8:21 AM
Mortgage application volume increased for the second consecutive week as interest rates continued to decline. The Mortgage Bankers Association (MBA) s...
Fri, Nov 18 2022, 11:58 AM
The state of the housing market in 2022 is well known by now. The sharpest rate spike in 40 years to the highest rates in 20 years combined with the ...
Thu, Nov 17 2022, 3:47 PM
There aren't many ways to make the Census Bureau's New Residential Construction report exciting, and there are zero ways to frame it in a positive lig...
Wed, Nov 16 2022, 12:28 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) fell another 5 points in November. NAHB said this measure of b...
Wed, Nov 16 2022, 9:12 AM
Mortgage application volume increased on a seasonally adjusted basis during the week ended November 11 but declined sharply before adjustment. The Mor...
Tue, Nov 15 2022, 3:22 PM
The Mortgage Bankers Association (MBA) collects data on borrower eligibility (FICO, loan type, LTV, etc) and combines that with underwriting guideline...
Wed, Nov 9 2022, 8:49 AM
The Mortgage Bankers Association (MBA) reports yet another decline in overall mortgage application volume during the week ending November 4. Applicati...
Mon, Nov 7 2022, 4:52 PM
Roughly 2 weeks ago, home price indices (HPIs) from Case Shiller and the FHFA came out for the month of August. Both were in agreement that prices de...
Wed, Nov 2 2022, 8:42 AM
A bit of easing in mortgage rates prompted a tiny uptick in refinancing during the week ended October 28, but overall mortgage application volume con...
Tue, Nov 1 2022, 12:39 PM
Annual home price growth remained in double digits in September even as home sales and purchase mortgage volume continued their months’ long declines....
Fri, Oct 28 2022, 11:37 AM
Inflation and the resulting increase in interest rates continued to dent home sales activity into the fall. The National Association of Realtors® (NAR...
Wed, Oct 26 2022, 9:41 AM
There was a slight increase in refinancing during the week ended October 21, but overall mortgage applications fell for the fifth straight week. The M...
Tue, Oct 25 2022, 3:36 PM
Home prices fell sharply again in August according to the two leading home price indices, both released this morning. The Federal Housing Finance Age...
Thu, Oct 20 2022, 4:08 PM
If anything, today's Existing Home Sales data is a bit of a bright spot in an otherwise gloomy housing market. Sure, the annual pace of sales is as l...
Wed, Oct 19 2022, 1:49 PM
The U.S. Census Bureau and the Department of Housing and Urban Development reported a small improvement in the number of permits issued in September a...
Wed, Oct 19 2022, 8:18 AM
Mortgage application activity fell again during the week ended October 14 as mortgage interest rates hit their highest level in 20 years. The Market B...
Tue, Oct 18 2022, 5:23 PM
The National Association of Homebuilders (NAHB) has only been publishing builder confidence numbers since the mid 1980s. It's possible--if not likely...
Fri, Oct 14 2022, 4:20 PM
Rent growth is coming down from its post pandemic pace, and rents may, in some isolated cases be inching lower according to two new studies. While the...
Wed, Oct 12 2022, 8:39 AM
Mortgage application volume fell again last week, but the declines were small compared to the double-digit declines in all indices during the week end...
Tue, Oct 11 2022, 2:24 PM
The Mortgage Bankers Association (MBA) released its Mortgage Credit Availability Index (MCAI) for the month of September today. The index uses borrow...
Wed, Oct 5 2022, 7:44 AM
There were two storms brewing last week and each contributed to driving mortgage applications to generational lows. The Mortgage Bankers Association (...
Mon, Oct 3 2022, 4:15 PM
Spending on residential construction, while down a bit in August and in spite of the gloom and doom about the housing market, continues to run signifi...
Wed, Sep 28 2022, 9:28 AM
Average mortgage interest rates increased significantly during the week ended September 23. As a result, the Mortgage Bankers Association (MBA) said t...
Tue, Sep 27 2022, 5:27 PM
The monthly New Home Sales data from the Census Bureau is usually just "there"--one of several monthly housing-related reports that makes no promises ...
Tue, Sep 27 2022, 3:33 PM
Today brought the release of the two biggest home price indices (HPIs) for the month of July from S&P Case-Shiller and FHFA. Both HPIs showed a marke...
Wed, Sep 21 2022, 12:42 PM
Seven straight months of slowing sales has reduced existing home transactions by nearly 20 percent from the same point in 2021. The National Associat...
Wed, Sep 21 2022, 9:29 AM
Mortgage application activity increased for the first time in six weeks during the period ended September 16 although the prior week had been shortene...
Tue, Sep 20 2022, 10:15 AM
Residential construction numbers were mixed in August. Home builders apparently worked on drawing down their backlogs of permits rather than seeking ...
Mon, Sep 19 2022, 1:32 PM
The National Association of Home Builder’s (NAHB’s) index measuring the confidence of builders in the new home market has fallen for the ninth straigh...
Wed, Sep 14 2022, 10:26 AM
Only a slight uptick in purchase mortgage applications kept all last week’s volume indicators from falling for the fifth straight time. The Mortgage B...
Tue, Sep 13 2022, 1:08 PM
Mortgage credit access tightened again in August, a trend that has been nearly continuous since the onset of the pandemic more than two years ago. The...
Wed, Sep 7 2022, 9:45 AM
The Mortgage Bankers Association (MBA) says the pace of mortgage applications slowed for a fourth consecutive time during the week ended September 2...
Wed, Aug 31 2022, 10:11 AM
The volume of mortgage applications fell again last week, dragged lower by refinancing which had its largest week-over-week decline since mid-May. The...
