Daily Newsletter: Friday March 7, 2025 - The Legend of Hanuman

Daily Newsletter: Friday March 7, 2025


Delivered to over 70,000+ industry professionals
each day
, the Daily Newsletter is the definitive recap of the day’s most
relevant mortgage and real estate news and data. View the latest Newsletter below.

View our most recent newsletter below, or use the date selector to view past newsletters.

As we noted last week, the timing of the improvements in mortgage rates meant that the previous survey of mortgage applications from the MBA was unable to capture what would likely prove to be a fairly big uptick in refinance demand.  This week’s data confirmed it as the refi index jumped to the best levels since October.  Unsurprisingly, this coincided with rate moving back to the range seen in mid-October, although it is somewhat surprising that we didn’t see a better spike in refi demand in early December when rates were in the same zone. As has been and continues to be the case, we’re taking victories where we find them. Refi demand is operating on an entirely different scale than in the past (when a rate rally meant that far more homeowners would benefit from refinancing). Purchase demand is always less influenced by short term rate fluctuations. This week was no exception with MBA’s purchase holding almost perfectly steady and continuing to operate in the same broadly sideways range that’s been intact for 2 years.


Share this content:

I am a passionate blogger with extensive experience in web design. As a seasoned YouTube SEO expert, I have helped numerous creators optimize their content for maximum visibility.

Leave a Comment