Mortgage Financial — American

: Rates saw an unexpected spike in March 2026 following geopolitical tensions in Iran, which impacted oil prices and 10-year Treasury yields.

: The typical household now must spend 36% of their monthly income to afford a median-priced home. american mortgage financial

: Approximately 82.8% of existing homeowners still hold rates below 6%, making them extremely hesitant to sell and move, which continues to starve the market of inventory. : Rates saw an unexpected spike in March

The Mortgage Bankers Association (MBA) forecasts that the mortgage market will reach in total volume for 2026. While a "breakout year" is not expected, a modest recovery in sales volume of 5% to 7% is predicted as inventory slowly rebuilds in parts of the South and West. Mortgage Rates - Freddie Mac american mortgage financial