New View Advisors, which released its initial quarterly index at the end of October, estimated that private-label loans started 2025 with a market share of about 30{8b18a634e6b23f101396340bb0a3716bcab20bbbd5967ec3aa3169c5084fdfa0}. Based on volume in December, that figure grew to represent 45{8b18a634e6b23f101396340bb0a3716bcab20bbbd5967ec3aa3169c5084fdfa0} of originations.
U.S. homeowners who carry mortgages with rates of 6{8b18a634e6b23f101396340bb0a3716bcab20bbbd5967ec3aa3169c5084fdfa0} or more now outnumber those with rates below 3{8b18a634e6b23f101396340bb0a3716bcab20bbbd5967ec3aa3169c5084fdfa0}.
Mortgage insurer shares have dropped by up to 12{8b18a634e6b23f101396340bb0a3716bcab20bbbd5967ec3aa3169c5084fdfa0} as analysts warn FHA premium cuts could shift some loans, but the impact may be limited.