Mortgage Bankers Association

Mortgage Applications Fall, With Refinance Incentives Down

December 1st, 2021
Mortgage applications decreased 7.2% for the week ending Nov. 26. According to the latest data from the Mortgage Bankers Association (MBA), the Market Composite Index, which measures the volume of mortgage loan applications, decreased 7.2% on a seasonally adjusted basis...

Mortgage Rates Rise for Fifth Straight Week to Highest Level Since March 2020

January 26th, 2022
Mortgage applications decreased 7.1% from one week earlier, for the week ending January 21, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Key findings: The Market Composite Index decreased 7.1% on a seasonally adjusted basis...

GDP Falls in Q1, First Drop in 2 Years

April 28th, 2022
Real GDP, the most accurate measure of a country’s broad economic growth, shrunk for the first time in two years this past quarter, with the economy contracting 1.4%, a sharp reversal from last year, when GDP rose 6.9% in Q4...

Industry Forecasts Purchase Originations to Increase 9% to Record $1.73 Trillion in 2022

October 18th, 2021
The Mortgage Bankers Association (MBA) recently announced that purchase mortgage originations are expected to grow 9% to a new record of $1.73 trillion in 2022. After an anticipated 14% decline in 2021 to $2.26 trillion, MBA expects refinance originations will...

U.S. Household Net Worth Increased 17.6% Between 2016 and 2019

December 2nd, 2021
American households got a bit richer between 2016 and 2019, according to a new report released on Dec. 2 by the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). The RIHA study “The Distribution of Wealth in America...

Mortgage Delinquencies Decrease in the Fourth Quarter of 2021

February 11th, 2022
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.65% of all loans outstanding at the end of the fourth quarter of 2021, according to the Mortgage Bankers Association’s (MBA) National Delinquency...

Mortgage Application Payments Jumped 5% in March

April 29th, 2022
Increasing mortgage rates led to a decline in homebuyer affordability in March, with the national median payment applied for by applicants rising 5.0% to $1,736 from $1,653 in February, according to the Mortgage Bankers Association’s (MBA) new Purchase Applications Payment...

MBA Pledges to Promote Equitable Homeownership With New Campaign

October 19th, 2021
Home for all Pledge is a new commitment to promoting minority homeownership; affordable rental housing; and company diversity, equity and inclusion, from the Mortgage Bankers Association (MBA). The pledge was recently announced by Kristy Fercho, MBA chairman and executive vice...
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