The mortgage space continues to bounce back amid the coronavirus pandemic, according to the latest data from the Mortgage Bankers Association (MBA). In June, new mortgage applications were up. And for the week of July 5, forbearance rates continued to post declines. Here’s the breakdown:
New Home Mortgage Applications
According to the MBA’s Builder Application Survey, in June, mortgage applications for new home purchases increased 54.1 percent YoY. Compared to the previous month, applications increased by 20 percent.