The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2022 shows mortgage applications for new home purchases decreased 12.5% compared from a year ago. Compared to December 2021, applications increased by 10%. This change does not include any adjustment for typical seasonal patterns.
“Purchase applications for new homes fell on an annual basis in January, but the 10 percent monthly gain is a positive sign to start the year. While homebuyer
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