Delinquency rates on mortgages with debt-to-income ratios above 43% are only slightly higher than delinquency rates on mortgages overall, according to a new analysis by Moody’s Ratings.

The delinquency rate held steady on a monthly basis, at 3.35% as of the end of April, according to Intercontinental Exchange.

An increase in interest rates limits prepayments on existing mortgages, helping to boost the value of mortgage servicing rights.

The savings of up to $20,000 come in the form of lender credits and reduced real estate agent commissions.

Earnings improved during the first quarter of 2026 among a group of 13 publicly traded nonbank companies despite choppy market conditions and slowing production.

The spread between conventional loans and FHA and VA loans last quarter were at their widest margins since 2021, according to the Mortgage Bankers Association’s National Delinquency Survey.

Bob Broeksmit, president and CEO of the Mortgage Bankers Association, is optimistic about Kevin Warsh’s appointment to lead the Fed.

Typically, when interest rates decline — as they did for much of the first quarter — the retention rate increases.

Rocket and Pennymac reduced their portfolios during the first quarter.

“Rocket is no longer solely a rate-driven business,” said Varun Krishna, CEO of the company. “We are a business with durable, recurring revenue streams that also retain significant upside when rates fall.”