From Yahoo Finance: 2025-03-27 06:33:00

Bank of America experienced an 80% surge in mortgage applications from January to March due to increased home inventory and lower bond yields. U.S. 10-year bond yields fell to 3.6% in September, driving 30-year mortgage rates down to 6.1%. Interest in mortgage refinancing is also rising, but rates would need to drop below 6% for a significant increase in demand. Mortgage demand is rising due to falling rates, but some economists believe it’s a temporary trend. U.S. existing home sales unexpectedly rose in February, with experts predicting modest improvement in housing affordability. UWM Holdings anticipates higher demand for new mortgages and refinancing, with a projected $28-35 billion in originations in the first quarter. The company has expanded its staff to handle increased business volume and remains operationally ready for growth.



Read more at Yahoo Finance: Bank of America mortgage applications jumped 80% in Q1, executive says