Mortgage Bankers Association (MBA)

Refinancing activity gains momentum from lowest mortgage rates since August 2023.

MBA's PAPI went up, which means affordability is declining.

Kelley's focus will be on Republican members in the House.

Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.

Approximately 145,000 homeowners in forbearance as COVID-related reasons decrease.

Data from MBA Builder Application Survey reveals significant year-over-year growth.