The Federal Reserve kept interest rates unchanged, as anticipated, while unveiling its latest economic projections. Meanwhile, existing home sales and housing starts exceeded expectations, even as home builder confidence declined.

Economic uncertainty (higher tariffs, slower GDP growth, weaker stock market) is definitely rising. The good news is that despite the Fed keeping short-term interest rates on hold on March 19, mortgage rates are moving lower again.

The MBS Highway National Housing Index rose four points in March 2025, led by a seven-point improvement in buyer activity. Price direction, however, was flat overall, with month-over-month declines seen in several regions.

Pulsenomics, an independent research and index product development firm, has awarded Highway founder and CEO Barry Habib the prestigious 2024 Crystal Ball Award. The award recognizes Habib's exceptional accuracy in forecasting US home prices over a two-year period.

MBS Highway is excited to announce our new Strike Rate tool, which was designed to help our subscribers capture more refinance opportunities that are sitting right in their pipeline – immediately as they become available.