On today’s Hot Sheet, Byron Lazine recapped President Trump’s nearly two-hour 2026 State of the Union, highlighting his remarks on restricting corporate homebuyers and pushing for lower interest rates.
He also broke down Fannie Mae’s Q1 2026 Home Price Expectations Survey, including a Special Topics report with updated projections on long-term values and demand drivers.
To wrap up, Byron reviewed new MBA data showing total mortgage applications up 0.4% for the week, with refinance activity 150% higher year over year and purchase demand still 12% above last year’s pace.
