MBA Still Expects Mortgage Rally to Begin This Year

January's rise in existing home sales is a step up, but the MBA says lingering high interest rates are hindering progress.

By Jim DuPlessis | February 22, 2024 at 04:00 PM

Checklist before buying new house showing graph up as interest rate for mortgage loans

The long-anticipated rally in mortgage production got a toehold in 2024 as the National Realtors Association (NAR) reported Thursday that sales of existing homes rose 3.1% from December to January.

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MBA Still Expects Mortgage Rally to Begin This Year

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Jim DuPlessis

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