“Most mortgage rates moved lower last week, with the 30-year fixed rate declining to 6.92% and staying in the 6.8 to 7% range since April.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Category: News and Trends
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.9% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending May 30, 2025.
ATTOM: U.S. Home Vacancy Rate Holds Steady
ATTOM, Irvine, Calif., released its Vacant Property and Zombie Foreclosure Report for Q2, showing that 1.4 million residential properties are vacant.
RentCafe: Millionaires Increasingly Likely to Rent
RentCafe, Santa Barbara, Calif., found that the number of millionaire renters has tripled since 2019.
Trepp: CMBS Delinquency Rate Increased Slightly in May
Trepp, New York, reported that its CMBS delinquency rate rose to 7.08% in May, up five basis points.
CBRE Reports Office Conversions, Demolitions Will Exceed New Construction in 2025–Aiding Office Market Recovery
More office space will be removed from the U.S. market this year than added to it for the first time since at least 2018, which indicates the market is stabilizing, according to CBRE, Dallas.
Today: Strategies to Improve Retail Mortgage Production
Join MBA Education and industry experts as they explore how to leverage performance analytics to unlock sales efficiency, elevate mid-level producers, and build a high-performing sales culture.
People in the News, June 4, 2025
Industry personnel news from FundingShield, Spectrum Solutions, ServiceLink, Certainty Home Lending, Merchants Bank and Westcor Land Title Insurance Co.
Commercial, Multifamily Mortgage Delinquency Rates Increase in First Quarter
Commercial mortgage delinquencies increased in the first quarter, according to the Mortgage Bankers Association’s latest Commercial Mortgage Delinquency Rates Report.
MISMO Spring Summit June 9-12: Livestream and Virtual Access to Workgroup Meetings
Can’t make it to Boston? Join us virtually at the upcoming MISMO Summit and learn what’s hot in mortgage standards.