The Mortgage Bankers Association (MBA) tracks weekly mortgage applications as a way to monitor the housing market. The latest report showed a consistent but not positive movement.
For the final week of July, mortgage loan application volume declined. This decrease was seen across the board - in both the seasonally adjusted and unadjusted loan application numbers, as well as refinance applications.
Affordability seems to be the biggest factor in these drops. While most of the U.S. has experienced rising prices, some major markets in Texas are showing hopeful signs of price stability.
Nd buying a home in Texas is still a good idea! In fact, Texas has experienced steady home price appreciation over the years, making it an attractive market for homeowners and real estate investors. So if you’re in the market, don’t let the latest news deter you. There are still plenty of gems to be found in Texas!