Mortgage Bankers Association

America's housing market faces a potential shift from a shortage of homes to a shortage of buyers due to slower population growth, an aging population, and reduced immigration. The Mortgage Bankers Association report highlights regional variations in market impacts, with areas like Texas and Florida likely to see softer prices as construction increases, while the Northeast and Midwest may continue experiencing price growth due to constrained new construction.

A new report from the Mortgage Bankers Association warns that slower population growth, aging demographics, and reduced immigration may reduce housing demand in the coming decade, potentially leading to oversupply in some markets and shifting regional price trends. While construction in states like Texas and Florida could lead to softer prices, constrained building in the Northeast and Midwest may sustain higher price growth.

Mortgage demand increased by nearly 11% last week as both refinance and purchase applications rose. The Mortgage Bankers Association (MBA) noted that borrowers took advantage of opportunities when interest rates temporarily declined.

Today’s 30-year mortgage purchase rate rose to 6.586%, up from 6.577% the previous day, with experts predicting rates will remain above 6% for the 30-year term. The increase is linked to higher oil prices due to the U.S. war in Iran, which has driven inflation to 3.8% annually, the highest since May 2023.

Today’s 30-year mortgage purchase rate decreased to 6.537% on June 1, 2026, down from 6.591% the previous day. Refinance rates for 30-year mortgages are 6.632%, with 15-year rates at 5.679%. Experts attribute recent rate fluctuations to rising oil prices due to the U.S. war in Iran and inflationary pressures, with expectations of rates remaining above 6% for the 30-year term in the near future.

An ex-subprime mortgage trader is investing in homeowners' future equity, as the Mortgage Bankers Association prepares to release mortgage application data for March 2026. The report highlights housing market activity in Daly City, California.

Mortgage rates fell for the second consecutive week to 6.3% according to Freddie Mac. The report also notes that the Mortgage Bankers Association will release mortgage application data on March 25, 2026.