Interest rate and spread volatility has declined in recent months. That’s leading to a reduction in potential returns from agency MBS along with a more stable investing environment.

Annaly Capital Management’s net income increased by 20.7% on a quarterly basis in the fourth quarter of 2025.

The $628.3 million securitization of closed-end second liens will be the largest securitization of home equity loans from Chase in the post-2008 era.

Interest rates on mortgages are expected to remain in a narrow band in the near future.

Production of first-lien residential mortgages increased by 17.3% during the fourth quarter of 2025. Refinances soared while purchase-mortgage activity declined as part of a seasonal trend. (Includes two data tables.)

In mid-December, MBA was projecting interest rates would hold at 6.4% throughout 2026. However, MBA now anticipates the average rate will be 6.1% in the first quarter and hold at that level through the year.

Nearly 60% of the mortgage finance loans outstanding from Texas Capital Bank are in enhanced structures that carry lower capital requirements for the bank.

Outside of Rocket Companies, CrossCountry Mortgage was the most active MSR buyer in the fourth quarter of 2025.

"What we’re looking for is greater insight into what actions they may take," said Peter Federico, president, CEO and chief investment officer of AGNC Investment.

Better added that it expects to achieve profitability by September, with the performance measured on an earnings before interest, taxes, depreciation and amortization basis.