Mortgages

But when compared past periods of upheaval, those rates remain relatively low, the Mortgage Bankers Association report showed.

But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.

Citing "changing market dynamics," the company announced it will exit mortgage lending this summer.

Home purchasers had to come up with 0.9% more in April versus what they would have paid in March and 11.8% higher on a year-over-year basis, the Mortgage Bankers Association said.

Some in the space say they've seen new players coming in but others disagreed during a panel at the Mortgage Bankers Association's Secondary and Capital Markets conference.

The Mortgage Bankers Association sees the likelihood of a rise in sales activity later this year based on recent construction trends, in a turnaround from the 2022 market.

The government-sponsored enterprise only tweaked the two-year mortgage origination forecast, with a $6 billion reduction for 2023, but an increase of $7 billion for 2024.

Jobs numbers, inflation data and the continued debate over raising the debt ceiling are factors applying upward pressure.

Now that the national emergency is over some — but not all — government-related entities have set what may be final deadlines for this form of pandemic relief.

But the percentage of loans in workout no longer current increased in April, the Mortgage Bankers Association found.