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Mortgage demand slides 8.5%, driven by 18% drop in refi applications
MBA reports applications fell 8.5% as the 30-year fixed rate rose to 6.65%. Refinances fell 18% and purchase demand dipped 0.4%.
Homebuilders adopt disciplined growth strategies as market pressures reshape housing in 2026
Homebuilders are tightening inventory, refining product mix and pursuing M&A opportunities as elevated rates and affordability pressures reshape the 2026 housing market.
Mortgage applications fall 2.3% as rates hit upper sixes
MBA veri show mortgage applications fell 2.3% as the 30-year fixed rate rose to 6.56% and the purchase index dropped 4%.
Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation
The average monthly benefit for retired workers is projected to rise from $2,081.16 to $2,162.33, based on April 2026 figures.
AD&C credit tight in Q1, but NAHB index shows pressure easing
Credit conditions for residential land acquisition, development and construction (AD&C) loans tightened again in the first quarter, but at the slowest pace in four years, according to a National Association of Home Builders analysis released Friday. The NAHB’s net easing index for builder and developer credit came in at -2.7 in the first quarter of […]
Two Harbors board unanimously rejects UWM bid, calls it ‘predatory’
Two Harbors rejected UWM’s $12.50 offer, citing financing, MSR valuation and execution risk ahead of a May 19 vote.
