Sharp decline in mortgage rates revives hopes of a refi surge, LOs say
A modest mortgage rate drop may boost refinancing by 15% to 25%, but lenders caution that activity depends on rates staying low.
Mortgage Rates
Auto Added by WPeMatico
Trump directs GSEs to buy $200B in MBS to push mortgage rates lower
President Donald Trump said Thursday that he is directing representatives at the government-sponsored enterprises (GSEs) to purchase $200 billion in mortgage-backed securities (MBS), a move he said is intended to bring mortgage rates down.
Logan Mohtashami’s 2026 housing forecast
Inventory is back to normal and mortgage rates are forecast between 5.75% and 6.75%, shaping a steadier housing market in 2026.
Why didn’t double-digit growth in purchase apps lead to more home sales in 2025?
Despite double-digit growth in purchase applications for much of 2025, existing home sales increased only modestly from 2024.
Mortgage applications fall 5% despite rate decline
Despite steady mortgage rates, market trends like a softening job market and elevated inventories continue to impact application volumes.
Mortgage rates cool in 2025, but 2026 relief likely limited
Mortgage rates started the year slightly above 7% but are heading into the holiday season near 6.2%. 2026 forecasts show little change ahead.
MBA 2026 forecast: Slow growth amid inflation, rate hikes
MBA’s December forecast projects economic growth of 1.6% in 2025 and puts the chance of a recession over the next 12 months at 35%.
Why did the growth rate of housing inventory drop by half this year?
Housing inventory growth slowed from over 30% to 13.54% in 2025 as new listings and sales trends shifted late in the year.
Weekly housing demand reaches multiyear high
Weekly pending home sales reach multiyear highs as mortgage rates stay near 6% and inventory growth slows.
Housing affordability challenges steepen in Q3
In Q3 2025, a household needed to earn $110,100 to afford to own a single-family home, nearly double the income required five years ago.