"When I talk to lenders across the country, in different business models and different sizes, they say, 'yeah, our application flow is not what we'd want it to be. But we have a lot of customers coming in getting pre-qualified.' So the demand is there." --MBA Chief Economist and Senior Vice President of Research and Industry Technology Michael Fratantoni, speaking at the MBA National Advocacy Conference March 19.

February’s mortgage rate increase led to a modest downgrade to expectations for total home sales and mortgage originations this year, according to Fannie Mae, Washington, D.C.