Tag: mortgage bankers association

Average mortgage rates are now at their lowest level since August

Rates decreased for the fourth time in five weeks, with the 30-year fixed rate hitting its lowest level in 10 ...

Rates had their biggest one-day drop in nearly four years this week following an encouraging inflation report

The 30-year fixed rate dropped by 25 basis points to 7.61 percent, the largest single-week decline since July 2022

MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 634,000 units last month

The National Association of Realtors expects 30-year fixed mortgage rates to fall to 6 percent by the end of 2024

New single-family home sales were up an estimated 3.7 percent last month

MBA’s Purchase Index decreased 5 percent compared with the previous week and was 28 percent lower than the same week ...

With the 30-year fixed rate increasing to 7.31 percent last week, rates are at their highest level since December 2000

The MBA anticipates borrowing and lending will rebound in 2024 to $856 billion in total commercial/multifamily real estate lending