Interesting stats on mortgages for 2025

There are now more loans with interest rates over 6% than those with rates under 3%. 40% of the volume closed were refinances, and 30% of the loans done were NON-QM loans. There was a 10% drop in mortgage volume at the end of 2025, with a drop in interest rates. With 1.4 trillion in credit card debt,  it seems that 1.4 trillion in credit card debt may be the reason for the refinancing.It is interesting that the NON QM loans captured so much of the closed business, and will  only grow more in 2026Popular program is the bank statement loan, which does not require tax returns, 1099's or W-2sIf you are looking at doing a rate term refinance, remember to look for a 2% drop with no pointstune in and learn https://www.ddamortgage.com/blogdidier malagies nmls#212566dda mortgage nmls#324329 Support the show