Research

Down Payment Resource (DPR) released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.

Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 19, 2024. The results include an adjustment to account for the MLK holiday.

Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.

Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, revealed a 13.71% decline in mortgage lock volume compared to the previous month.

Optimal Blue has released its Originations Market Monitor report, looking at mortgage origination data through December month-end. Leveraging daily rate lock data from the Optimal Blue PPE – the industry’s most widely used product, pricing, and eligibility engine – the Originations Market Monitor provides a comprehensive and timely view into origination activity.

ATTOM released its Year-End 2023 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2023 were also down 88 percent from a peak of nearly 2.9 million in 2010.

Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.

Mortgage applications decreased 9.4 percent from two weeks earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 29, 2023. The results include adjustments to account for the holidays.

Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, reported a 10.7% decrease in mortgage lock volume in November compared to the previous month.

Home price growth continued to show resiliency in November. Demand also edged higher, as ICE Vice President of Enterprise Research Andy Walden explains, with lower interest rates providing some much-needed affordability relief.