Kurt Brandly of Greenside Capital says late-summer rate drops sparked a 42% spike in refis and renewed purchase activity—buyers are adjusting to the “new normal” and Gen Z is joining millennials in powering the next wave of homeownership.https://t.co/W4cDRPu1vF
— Mortgage Professional America Magazine (@MPAMagazineUS) September 26, 2025
Regional disparities and broader market implications
Florida metros led the nation in cancellation rates, with Atlanta, Jacksonville, Orlando, and Tampa all above 19%.
In contrast, Nassau County, NY, and several California metros saw the lowest rates, some under 5%. San Jose, while still low overall, saw the biggest year-over-year jump in cancellations.
Today’s buyers are empowered, cautious, and quick to walk away if a deal doesn’t meet their expectations. Sellers, meanwhile, must adjust to a market where compromise is no longer optional.
With cancellations at a record high, mortgage professionals must prepare clients for tougher negotiations and ensure deals are structured to withstand last-minute turbulence.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.