Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

Mortgage Applications for New Home Purchases Drop in December, MBA Survey Shows

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for December 2021 shows mortgage applications for new home purchases decreased 7.1% compared from a year ago. Compared to November 2021, applications decreased by 5%. This change does not include any adjustment for typical seasonal patterns.

“Applications to buy a new home slowed in December, while the activity remained tilted to higher-priced homes,” comments Joel Kan, MBA’s associate vice president of economic and industry

This post was originally published on this site

Brent Bowen

Loosening The Knot

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