The Mortgage Bankers Association (MBA) anticipates a possible rate cut by the Federal Reserve, with many traders predicting a reduction by mid-September. Bob Broeksmit, the MBA's president, discussed regulatory reforms that may stabilize consumer housing costs, emphasizing the shift to knowledgeable leadership in key agencies. While the MBA has adjusted its mortgage origination forecasts downward due to external economic pressures, thereâs a slight optimistic outlook with increased inventory available for homebuyers, signaling improved conditions compared to previous years despite challenges such as high rates and tariffs.
We're now dealing with leaders who know the importance of prudence. We have fewer worries of overregulation and policy proposals that hurt the industry and ultimately increase borrower costs.
The MBA reduced its estimate for total origination volume in 2025 to $1.397 trillion, down from $1.406 trillion in March. But it added another $9 billion to its refinance forecast.
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