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

Decrease in July New Home Purchase Mortgage Applications

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2021 shows mortgage applications for new home purchases decreased 27.4% compared from a year ago. Compared to June 2021, applications decreased by 4%. This change does not include any adjustment for typical seasonal patterns.

“Mortgage applications for new home purchases declined in July – as is typical most summers when home sales start to moderate – but did come in at the

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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