Applications for new home loans increased for the first time in three weeks, with interest rates showing volatility to the down side, according to data from the Mortgage Bankers Association. The MBA’s Market Composite Index, a measure of weekly application volume based on surveys of the trade group’s members, climbed up by a seasonally adjusted
Mortgage borrowing moved sideways again last week, struggling to gain momentum, with rates volatile after stronger-than-expected economic reports. The Mortgage Bankers Association’s Market Composite Index, a measure of loan application volume based on surveys of the trade group’s members, still managed to eke out a seasonally adjusted 0.1% uptick compared to the prior survey, posting
Intercontinental Exchange has entered into a licensing agreement with REdistribute, a joint venture owned by a number of multiple listing services that would allow the mortgage technology behemoth to gain additional access to real estate listing data. This multi-year licensing agreement is in addition to existing pacts for data with The Realty Alliance and the
Real estate investors showed signs of resilience amid 2023’s rate volatility, as third-quarter purchases surpassed pre-pandemic levels according to Corelogic. Between July and September, large and mega investors (those who own 100 properties or more on average) acquired between 8,000 to 10,000 homes each per month, up by about 1,000 from third quarter 2019, the
New York City’s latest affordable housing initiative looks to combine government sources along with private finance in order to build the mixed-income multifamily rental units it’s looking to create. The program will provide subsidies from the city to projects ranging from extremely-low income and homeless set-aside units, to moderate-income and even market rate units to
The Federal Housing Finance Agency’s Home Price Index increased in October from September, but at a more modest pace than what the S&P CoreLogic Case-Shiller data showed. This data also highlighted some profound regional variations during the month. “U.S. house price gains remained strong over the last 12 months.” said Nataliya Polkovnichenko, supervisory economist in