Insight
Mortgage spreads returned to a historical range of 1.60%-1.80% early in 2026 due to President Trump's directive for Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities.
Why housing demand is up and inventory is down in 2026
Summary
Housing demand is up year-over-year in 2026, driven by mortgage rates below 6.64% and improving affordability. Inventory, however, is down significantly due to stronger demand and lower rates. New listings remain below normal, contributing to tight supply.
Key takeaway