Category: Origination

New Home Purchase Apps Rebound in August

In August 2022, the Mortgage Bankers Association (MBA) reported that mortgage applications for new home purchases decreased 10.1% compared to August 2021. Data recorded in the MBA’s Builder Application Survey… Read more »

High Housing Costs Unlikely to Moderate

As national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in 2021, according to demographic findings of… Read more »

Mortgage applications for home purchases increase

Applications for mortgages to purchase homes gained for the fourth consecutive week while refinancings dropped, the Mortgage Bankers Association said in a Wednesday report. A seasonally adjusted index measuring purchase… Read more »

Mortgage rates fall to an all-time low

The average U.S. rate for a 30-year fixed mortgage fell to 3.29% this week, the lowest ever recorded by Freddie Mac in a series that goes back to 1971. The… Read more »