Mortgage demand shows a welcome uptick, signaling a potential shift in the housing market. The Mortgage Bankers Association (MBA) reported that total mortgage application volume rose by 1.8% for the week ending... Read more »
“Homebuyer affordability saw a modest improvement in February, as slightly lower mortgage rates helped ease monthly payment burdens despite a small uptick in loan sizes. The February PAPI declined over the month... Read more »
MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 641,000 units in February, based on application data and assumptions about market coverage. That is down 3.3%... Read more »
On an unadjusted basis, the index decreased 6% compared with the previous week. The refinance index decreased 6% from the previous week and was 110% higher than the same week one year... Read more »