Economic uncertainty will likely have 'consumers moving cautiously on big financial decisions'
The committee said it would continue to monitor financial and international developments
Higher rates and overseas conflicts appear to be weighing on the lending industry
This week's rate spikes and conflict in Iran could lead to a new downturn in applications
One economist said Wednesday, 'Homebuyers remain active at the start of 2026.' Another expert noted that 'mortgage rates are nearly a full percentage point lower than they were a year ago'
Home sales should break through the 5M mark next year as more inventory gradually comes on the market and home prices decline, economists at the Mortgage Bankers Association predict
With mortgage rates still hovering near 2025 lows, purchase loan applications hit their second-highest level of the year last week after adjusting for seasonal factors
Demand for purchase loans hit a new 2025 high last week after adjusting for the holiday, with mortgage rates near a low for the year and a Dec. 10 Fed rate cut on tap
Applications for purchase mortgages hit a seasonally adjusted 2025 high last week, with FHA, VA, and USDA applications for less pricey homes driving the surge, MBA lender survey shows
After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors see only a 34% chance of a Dec. 10 rate cut.
Rebounding mortgage rates didn't stop buyers from shopping for deals last week, with requests for purchase loans up 6% last week compared to the week before and 31% from a year ago
Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there's no guarantee the Fed will cut rates for a third time in December
Rates on 30-year fixed-rate mortgages hit another 2025 low on Tuesday, dropping to 6.12%, nearly a full percentage point lower than January. Rates now have less room to come down
MBA forecasts rates will probably stay right where they are now in 2026, as investors have already priced in future Fed rate cuts. But look for 3 years of steady growth in home sales ahead
Fed chair dismisses suggestion that central bank could resume its purchases of mortgage-backed securities to bring down mortgage rates and improve housing affordability