By loan count, the MBA forecasts that total mortgage originations will decline by 5.6% from 2026 to 2027.

The Mortgage Bankers Association said its reform measures could be adopted without new laws.

Lenders are offering rate discounts, rate buydowns and lower costs for insurance to help buyers find affordable housing options.

Homebuilders are continuing to turn to incentives, such as buydowns, to attract more buyers in a competitive real estate market.

The landmark housing bill is still a long way from impacting the actual housing market, according to experts.

Redfin found that 71.6% of ARM borrowers can refinance into a 30-year fixed rate that is at least 50 bps lower than their original rate.

The slowdown in premium increases comes as insurers focused on restoring profitability after a period of high inflation, rising construction costs, expensive reinsurance and record catastrophe losses.

More homebuyers are being forced to bring more cash, renegotiate the sale price or restructure their mortgage.

Homebuying picked up in the summer months after a slower than usual spring season.

Homebuilders reported a slight decline in incentive use in the second quarter, but still project incentives to remain elevated compared to historical average for the foreseeable future.