Mortgage Bankers Association (MBA)

A more complex market is changing how refinance loans are evaluated, priced, and sold

MBA backs move, warning prior policy raised construction costs and restricted financing for new homes

Rates rise across key property types, with CMBS and office exposure driving risk into 2026

MBA data shows $443 per-loan profit, with performance improving through midyear before compressing in Q4

New-home mortgage demand rose 11% year over year and surged month over month, signaling continued resilience in builder-driven supply even as rates remain volatile

As April begins, hesitant borrowers and mixed rate forecasts are forcing originators to prioritize execution over lead volume