About 50% of homeowners said that their mortgage could become unsustainable without a lower rate in the next three years, according to a recent Truework survey of buyers who purchased a home in the last 24 months.
The MBA now projects that the unemployment rate will hold at 4.3% through the end of the third quarter of 2026, before rising to 4.4% in the fourth quarter.
"We’re comfortable with risk from many of the sellers out there that are already making those loans and selling them elsewhere," said Jason Harris, co-founder and CEO of Button Finance.