According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 20, 2022, U.S. mortgage applications decreased 1.2 percent from one week earlier.
According to the National Association of Home Builders, the single-family housing market continued to show signs of slowing in April 2022 as rising mortgage rates and ongoing supply chain disruptions continue to raise housing costs and take a toll on the housing market.
The National Association of Home Builders is reporting this week that U.S. builder confidence took a steep drop in May 2022 as growing affordability challenges in the form of rapidly rising interest rates, double-digit price increases for material costs and ongoing home price appreciation are taking a toll on buyer demand.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 13, 2022. U.S. mortgage applications decreased 11.0 percent from one week earlier.
Posted on April 18, 2022
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