Federal Open Market Committee (FOMC) projections from the June 2025 meeting show that members expect increases in both the unemployment rate and inflation throughout the course of this year, as well as slightly weaker economic growth.
Tag: MBA Chart of the Week
MBA Chart of the Week: YTD 2025 Purchase Applications
Nationally, aggregate purchase applications have been showing year-over-year growth since late January, a sign that demand has picked up, and the data tend to have a higher coverage of existing home purchases.
Chart of the Week: MOVE Volatility Index and Mortgage-Treasury Spread
Market volatility, both in equity and bond markets, increased sharply last week because of the serial surprises with respect to the direction of U.S. tariff policy.
Chart of the Week: Effect of 2025 Announced Tariffs on Household Disposable Income
Since World War II, the consensus among economists has been pro-free trade with the attitude to tariffs summed up by JP Morgan’s David Kelly:
Chart of the Week: New Home Sales by Stage of Construction
As home builders have increased production levels to meet recent demand for homes, residential housing starts and permits, and new home sales have continued at a relatively strong pace through early 2025.
Chart of the Week: CRE Loan Maturity Volumes
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3 percent increase from 2024, according to MBA’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes.
Chart of the Week: Mortgage Delinquency Rate Spreads by Product Type
According to the MBA’s National Delinquency Survey, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of the fourth quarter.
Chart of the Week: Completed Loan Workouts from 2020 Onward
According to the latest results from MBA’s Monthly Loan Monitoring Survey, approximately 235,000 homeowners are in forbearance plans as of December 31, 2024.
MBA Chart of the Week: Private Job Openings, Hires and Quits
As we highlighted in a previous Chart of the Week, the share of workers who were unemployed for longer spells has increased, implying that even though the job market is generally strong, it has been harder for those workers who have lost jobs to regain employment.
MBA Chart of the Week: Annual Origination Dollar Volume
At its December meeting, the FOMC cut their rate target by another 25 basis points as the market had anticipated.