While conflict continues to brew in the Middle East, mortgage rates continue to rise due to the war’s effect on oil prices, according to the latest Freddie Mac data. Freddie Mac’s latest Primary Mortgage Market Survey found that the 30-year fixed-rate mortgage (FRM) averaged 6.38% as of March 26, 2026, up from last week when…
With mortgage rates rising due to higher oil prices from geopolitical tensions in the Middle East, mortgage applications saw another fall this week, according to data from the Mortgage Bankers Association. MBA’s Weekly Mortgage Applications Survey found that the Market Composite Index (a measure of mortgage loan application volume) fell 10.5% on a seasonally adjusted…
While mortgage originations remain constrained due to affordability concerns, refinancing is driving increased activity as mortgage rates have come down from record highs to near 6%, according to the latest data from ATTOM. ATTOM’s Mortgage Origination Report for Q4 2025 found that 1.72 million mortgages secured by residential property were issued, a 6% decrease from…
Even though 2026 is looking brighter, affordability—not just in homebuying but in homeownership—continues to face challenges as the market works to normalize. For homeowners specifically, the costs of owning a home continue to add pressure as the latest data from ATTOM saw foreclosure activity remain high year-over-year. ATTOM’s Foreclosure Market Report for January found that…
Early January declines in mortgage rates unlocked refinance opportunities for nearly five million borrowers and helped push affordability to a four-year high, according to the February Mortgage Monitor released Feb. 9 by ICE Mortgage Technology, a provider of an end-to-end mortgage platform. According to the analysis, “Even small reductions toward 6% rates can significantly boost…
Lower mortgage rates at the end of 2025 prompted a refinance rush among current homeowners, helping boost prepayment rates to their highest level in three years, according to a new report from ICE Mortgage Technology. The monthly mortgage prepayment rate rose to 0.91% in December, just below the 3.5‑year high set in October, ICE reported…
Beating the expectations of a typical quiet winter season for the housing market, mortgage applications shot up by a whopping 28.5% from one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA). The MBA’s latest Weekly Mortgage Applications Survey found that the Market Composite Index—a measure of mortgage loan application volume—grew…
Mortgage rates improved for the second straight week according to new Freddie Mac data, showing a continued lean toward a more affordable market in the fast approaching 2026. The latest Primary Mortgage Market Survey® found that the 30-year fixed rate mortgage (FRM) averaged 6.19%, down from last week when it averaged 6.23%. A year ago…
Mortgage originations remain down quarterly due to elevated mortgage rates; however, annual growth has been rising due to bettering signs, according to the latest data from ATTOM. ATTOM’s Mortgage Origination Report for Q3 found that while mortgage originations were down 1.6% quarterly, originations have grown 1.9% year-over-year. The data found that 1.77 million mortgages secured…
Housing professionals should expect modest growth in mortgage and home-buying activity and tempered optimism for 2026, according to projections released Sunday at the Mortgage Bankers Association’s (MBA) annual conference in Las Vegas. The trade group is calling for loan origination volume to reach $2.2 trillion in 2026, up 10% over 2025’s anticipated $2 trillion. The…
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