Builder Application News Today

BofA is betting the Federal Reserve will make only one cut to the federal funds rate by the end of this year. MBA says originators are in for a $1.6 to $1.8 trillion year.

Mortgage applications for newly built homes jumped 15.7% in February from a year ago, according to data from the Mortgage Bankers Association’s (MBA) latest Builder Application Survey.

Higher interest rates in recent weeks have made a dent in housing activity and brought down mortgage demand.

A top ranked economics and finance blog with a focus on the housing market

Mortgage applications for new-home purchases jumped 19.1% in January compared to a year ago and rose 38% month over month, according to the January Mortgage Bankers Association (MBA) Builder Application Survey.

Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that's been an accurate predictor of trends.

The national median applied by applicants is now at $2,137

Prospective buyers turn to newly built homes due to limited supply of existing houses

In a sign of declining homebuyer affordability, the median mortgage payment increased by 2.5% in May.

Number of single-family home sales also rises