“In the near term, we expect mortgage rates to remain in a fairly narrow range, between 6.5% and 7%, which should support the spring housing market.”
–MBA Chief Economist Mike Fratantoni, discussing the Fed’s interest rate decision
Category: News and Trends
Zillow: Homes at Risk of Climate Disaster Total Trillions
Zillow, Seattle, released a study analyzing the value of U.S. homes at major risk of damage from fire, flood or extreme wind.
Dealmaker: Dwight Capital, Dwight Mortgage Trust Finance $346.5M Over Multiple Transactions
Dwight Capital, New York, and its affiliate REIT, Dwight Mortgage Trust, closed $346.5 million in real estate financings last month, including for properties in Michigan, Pennsylvania and New Jersey.
Upcoming School of Loan Origination Courses
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 6.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14, 2025.
MBA Statement on the Nomination of Michelle Bowman as Federal Reserve Vice Chair for Supervision
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on President Donald Trump nominating Federal Reserve Board Member Michelle Bowman to be the next Vice Chair for Supervision.
CoreLogic: Average Homeowner With Mortgage Gained $4,100 in Equity in 2024
CoreLogic, Irvine, Calif., released its Homeowner Equity Report for the fourth quarter of 2024, finding that nationwide, borrower equity increased by $281.9 billion. That’s an increase of 1.7% year-over-year.
Housing Starts Rebound in February
Housing starts rebounded strongly in February, the Census Bureau reported Tuesday.
Quote of the Day
“Michelle Bowman has a deep understanding of financial markets and monetary policy and has shown a commitment to balanced regulatory oversight throughout her impressive career, including as a member of the Fed Board of Governors since 2018.”
–MBA’s President and CEO Bob Broeksmit, CMB, on Federal Reserve Board Member Michelle Bowman’s nomination to be the next Vice Chair for Supervision
Dealmaker: Walker & Dunlop Advises on $420M Brooklyn Recapitalization
Walker & Dunlop, Bethesda, Md., arranged the $420 million recapitalization of Hub, a 750-unit high-rise multifamily building in downtown Brooklyn, N.Y.