Friday, May 17, 2024 | The Latest Buzz for the Appraisal Industry

Nearly 20 Percent Decrease in August New Home Purchase Mortgage Applications

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17% compared from a year ago. Compared to July 2021, applications increased by 9%. This change does not include any adjustment for typical seasonal patterns.

“Mortgage applications to purchase new homes were down in August compared to 2020’s late summer surge, but both mortgage applications and MBA’s estimate of new home sales jumped

This post was originally published on this site

Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

Read More »

TOP RATED PRODUCTS

5/5