Joel Kan

Mortgage Applications Increase for Second Consecutive Week

May 11th, 2022
Mortgage Applications increased for the second consecutive week, according to the Mortgage Bankers Association’s (MBA) most recent Weekly Mortgage Applications Survey. The 2% increase in mortgage applications builds on the 2.5% climb from the previous week after continuous decreases for...

Existing-Home Sales Maintain Decline in April

May 19th, 2022
The downward trend in existing home sales held firm in April as rising price tags and mortgage rates continued to strain buyer activity, according to a new report from the National Association of REALTORS® (NAR). Sales of previously owned homes...

Amid Rising Rates, Mortgage Applications Resumed Uptick This Week

June 15th, 2022
Mortgage applications increased 6.6% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending June 10, 2022. Last week’s results are compared to the prior week, which included...

Affordability Crisis Boosts Borrower Appetite for ‘Riskier’ Loan Products

July 29th, 2022
As the housing affordability crisis persists, aspiring homeowners have developed a larger appetite for riskier mortgage products that can lighten the load of the growing expense associated with purchasing a home. That has been evident in the adjustable-rate mortgage (ARM)...

Mortgage Applications Trending Back Down in Second Week of February

February 16th, 2022
Following a strong start to February, mortgage applications are trending back down. The Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey showed a 5.4 decrease for the week ending February 11, versus the prior week. Key findings: While the 5.4%...

Buyer Rush Fuels Boost in January Existing-Home Sales

February 18th, 2022
The housing market kicked off 2022 on a positive note, as buyers rushed to snag and lock in the best mortgage rates they could, according to a new report from the National Association of REALTORS® (NAR). NAR’s latest existing-home sales...

Mortgage Applications Showing Week-to-Week Volatility

April 6th, 2022
It’s been a topsy-turvy 2022 for mortgage applications. And the Mortgage Bankers Association’s (MBA) Market Composite Index (MCI) for the week ending April 1, 2022, reveals another drop in applications, thus adding to that volatility trend. Key findings: Mortgage application...

Mortgage Applications Decrease 8.3% Since Last Week

April 27th, 2022
Mortgage applications continue the downward trend for the eighth-consecutive week, as rates last week reached their highest since 2009, according to the data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey for the week ending on April 22nd....

Mortgage Credit Availability Decreased in April

May 11th, 2022
Mortgage credit availability decreased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. Key stats: The MCAI fell by 3.2% to 121.1 in April....

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