Mortgage Bankers Association (MBA)

Trump's nominee passed with a 55-44 vote and the support of two Senate Democrats

A dip in rates caused refis to surge 12% from the week prior, while purchase activity took a hit

Median purchase application payments rose 3.5% from the end of 2023 — the last 'worst year in decades' for home sales

MBA expects "gradual pick up in purchase activity in the coming months" — pending a big "if"

MBA's Fratantoni says economic data likely to keep rates 'steady at these levels'

The MBA's weekly survey slumps as rates hit highest levels since July