On today’s Hot Sheet, Byron Lazine broke down the latest housing inventory trends, highlighting new data from Logan Mohtashami’s Housing Market Tracker showing housing demand indicators remaining slightly positive as pending home sales and purchase applications continued posting year-over-year gains. He also covered improving mortgage spreads at 1.92%, rising inventory levels, and lower price-cut activity compared to last year.
Byron also reviewed ICE’s May 2026 Mortgage Monitor report, which found the national mortgage delinquency rate fell to 3.35% in March even as foreclosure starts reached their highest quarterly level since early 2020. He also discussed how a Q1 2026 refinance boom drove $242 billion in first-lien refinance volume — more than double the pace seen one year ago.
