MBA: Affordability Challenges Driving Rise in Government-Backed Loan Activity

Applications for home loans remained essentially flat this week, declining slightly along with the refinance share of total mortgage activity, while experts note an uptick in government-backed loan applications is an indicator of ongoing affordability challenges. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity volume…

The post MBA: Affordability Challenges Driving Rise in Government-Backed Loan Activity appeared first on RISMedia.

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