Coming out of summer recess, California lawmakers will tackle condominium construction defect legislation that has cleared committees and passed one chamber.

MBA says applications fell as the 30-year fixed rate rose to 6.65%, while the refinance index increased 4% and purchases fell 7%.

Big banks exceeded analysts’ expectations for mortgage origination volume in the second quarter of 2026, posting an average increase of 32% compared to the prior three-month period.

Mortgage applications rose 0.04% last week as purchase demand increased and refinance activity declined, MBA found.

MBA shows apps up 1.0% for June 19, 2026, as refis rose 3% and purchases slipped 1%. Xactus’ mortgage intent index fell -10.38%.

In the first half of this two-part topic, I described the piecemeal nature of private hazard insurance policies, state-sponsored “last resort” programs, the National Flood Insurance Program, and federal aid through emergency declarations. This system is reactive, slow and difficult to navigate for families and businesses seeking help to recover from catastrophic events. Beyond systemic […]