Deliveries of purchase mortgages to agency MBS were essentially level in the first quarter of 2026 compared with the first quarter of 2025. Refi business remained elevated. (Includes two data tables.)
“There are hundreds of thousands more home sellers in the market than buyers because buyers have been spooked by high mortgage rates, high prices and economic uncertainty,” Redfin said.
Warehouse borrowing capacity increased by 15.7% on an annual basis in 2025. And then interest rates on mortgages spiked in March. (Includes data table.)