May 3, 2019 Low rates and unemployment indeed pushed the GDP higher in the first quarter. This has brought the Federal Reserve Governer suggesting a wait and see approach on interest rates and indeed have seen the mortgage rates move up a tick.
Rates now pushing just around 4%+- depending on several factors. Many new loan programs are making it possible for first time homebuyers and alternative documentation as well. The new mantra in non-QM ... old wine with a new label!
Majority of the activity is for getting buyers preapproved for purchase loans. This allows for closing purchase loans within 21 days.