"We may still see the 30-year dip back below 6%, but a refinance rally feels farther away than it did a month ago," said Eric Orenstein, a senior director at Fitch Ratings.

“The condo insurance requirements will reduce costs for existing homeowners and will make tens of thousands of additional units eligible for lower cost GSE financing,” said Bob Broeksmit, president and CEO of the MBA.

The $87.67 billion of removals were largely tied to borrower payoffs.

Due to accounting rules, earnings from the loans locked during the third quarter of 2025 were recognized in the third quarter rather than the fourth quarter.

The residential MBS holdings of 17 publicly traded REITs were valued at $247.16 billion as of the end of last year, a gain of 6.9% from the end of September.

“Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle East kept oil prices elevated, along with the risk of a broader inflationary shock,” said Joel Kan, a vice president and deputy chief economist at the MBA.

Institutional Shareholder Services recommended that Two Harbors shareholders vote against the planned acquisition by UWM.

VA proposed backdating eligibility for the program to May 1, 2025, picking up where the Veterans Affairs Servicing Purchase program left off.

Home prices declined by 0.2% on an annual basis in February, the first annual decline since 2012, according to First American Data & Analytics.

Among the 50 largest jumbo lenders, 48 increased their non-agency jumbo originations during the fourth quarter of 2025.