Tag: Mortgage Bankers Association (MBA)

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 »

Mortgage Rates Keep Below the 3% Mark

Mortgage rates rose slightly this week, but still remain below the 3% mark, as Freddie Mac’s Primary Mortgage Market Survey (PMMS) found the 30-year fixed-rate mortgage (FRM) at 2.99%, up… Read more »

Mortgage Rates Continue Trend to Refi-Friendly Lows

Mortgage rates remained under 3% this week, as Freddie Mac reported the 30-year fixed-rate mortgage (FRM) at an average of 2.96%, down two basis points from last week’s average of… Read more »

Spring Economic Growth to Support Housing Market

As the weather warms and COVID-19 vaccines roll out to more around the country, U.S. economic expansion is expected to accelerate this spring, with real GDP growth hitting 8.4% in… Read more »