Tag: Market Composite Index

Mortgage Demand Drops to Lowest Level in 26 Years as Housing Market Slump Continues

January 5, 2023
Business & MarketseconomyMarket Composite Indexmortgage applicationsmortgage demandmortgage ratesreal estaterecessionU.S. home pricesU.S. home salesUSUS Real Estate
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Mortgage demand has fallen in the past two weeks to its lowest level since the 1990s as elevated mortgage rates and fears of a recession take a toll on the market, according to latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, which measures the volume of mortgage loan applications, fell 13.2…

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Mortgage Demand Falls to 25-Year Low as Interest Rates Top 7 Percent: Mortgage Bankers Association

October 26, 2022
Business & Marketseconomyhousing marketinflationMarket Composite IndexMarketsmortgage bankers associationmortgage demandmortgage ratesreal estateUSUS Real Estate
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Mortgage applications have fallen to their lowest level in 25 years as interest rates hit record highs, according to the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, which measures mortgage application loan volume, fell 1.7 percent on a seasonally adjusted basis for the week ending Oct. 21 compared to a week earlier, according…

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Mortgage Applications Drop Amid High Interest Rates and Affordability Concerns

June 1, 2022
Affordable HousingBusiness & EconomyeconomyMarket Composite IndexMarketsmortgage applicationmortgage ratesUSUS News
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Mortgage applications in the week ending May 27 declined to their lowest level in more than three years, according to the Mortgage Bankers Association (MBA). The Market Composite Index, a measure of mortgage loan application volume, fell by 2.3 percent on a seasonally adjusted basis for the May 27 week compared to the week prior,…

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Mortgage Applications Decline as Interest Rates Rise

March 16, 2022
Business & EconomyeconomyinflationMarket Composite IndexMarketsmortgage applicationmortgage bankers associationU.S. home pricesUSUS News
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Applications for mortgages declined for the week ending March 11 when compared to a week earlier as interest rates rose to multi-year highs, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The Market Composite Index, which measures the volume of mortgage applications, fell 1.2 percent on a seasonally adjusted basis. On an…

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