On today’s Hot Sheet, Byron Lazine unpacked a detailed report on mortgage rate lock-in trends, with 35% of homeowners under 6% unwilling to move at any price and 47% saying they couldn’t afford today’s rates.
He also covered Realtor.com’s March Luxury Housing Report showing the entry-level luxury threshold fell 2.9% year over year to about $1.25 million despite short-term price gains.
For today’s third topic, Byron reviewed MBA data showing mortgage applications slipped 0.8% week over week, with purchase demand posting its first annual decline since January 2025.
