This week’s mortgage and real estate headlines serve up a little something for everyone. A refinance surge is underway as rates dip slightly, and non-QM loans are capturing more of the market than ever. Builders are celebrating a steep drop in lumber prices, which could revive home construction activity. Meanwhile, the Girl Scouts are stirring up nostalgia—and appetites—with a new rocky-road-inspired cookie flavor. Whether you’re a mortgage pro, agent, buyer, or seller, there’s opportunity (and maybe a snack) on the horizon. Our focus keyword this week: refinances surge.
Refinance Surge in August While Non-QM Lending Breaks Records
Read the Full Story → Scotsman Guide
Refinance activity made a strong comeback in August, with rate-and-term refinance locks rising a stunning 69.8% from July. This marks a notable shift in borrower behavior as they move quickly to capture lower rates.
At the same time, the average 30-year fixed mortgage rate dipped from 6.75% in mid-July to 6.56% by late August, helping to fuel the increase in refis. Purchase loan locks, however, declined 9.8%, showing the continued challenges in the purchase market.
Non-QM lending hit another milestone, climbing to 8.34% of total originations—the highest on record. This shows a growing appetite for alternative financing solutions amid tighter traditional lending standards.
Wholesale Inflation Drops, Increasing Pressure on Fed to Cut Rates
Read the Full Story → Realtor.com
The Producer Price Index (PPI), a key measure of wholesale inflation, dropped 0.1% in August, surprising many economists who had predicted an increase. Core PPI, excluding food and energy, also fell.
These figures suggest that inflation may be cooling across the supply chain, which could influence the Federal Reserve’s future decisions on interest rates. A Fed rate cut could become more likely if this trend continues.
Lower wholesale inflation has broad implications for lending, as it may lead to reduced borrowing costs over time. For now, it’s a strong signal that the economy may be stabilizing.
Lumber Prices Plummet, Builders Call It “Absolutely Crazy”
Read the Full Story → MPA
Lumber prices have seen a dramatic decline due to overproduction and lagging demand, even as Canadian sawmills face higher production costs. Experts are calling the drop “absolutely crazy.”
The plunge in prices comes at a time when construction has been sluggish, and this may be the jolt needed to get projects moving again. Builders now have a cost advantage that hasn’t existed in months.
For anyone considering new construction or major renovations, the current market may offer a rare opportunity to act before prices rebound.
Girl Scouts Introduce New Cookie Flavor: Exploremores
Read the Full Story → SAN
The Girl Scouts are adding a new flavor to their 2026 cookie lineup: Exploremores. This rocky-road-inspired cookie features chocolate wafers with a marshmallow and toasted almond-flavored creme filling.
The new cookie will replace S’mores and Toast-Yay!, both of which will be retired after the 2025 season. It’s a nostalgic twist that taps into classic ice cream flavors.
Though not real estate news, this cultural moment is lighthearted and fun—something we could all use a little more of.
Loan Officer Perspective
This week’s news is a strong signal to loan officers: now is the time to re-engage past clients and prospects. The refinance surge shows borrowers are paying attention, and a slight dip in rates could be your foot in the door. Non-QM growth also opens the door for clients who don’t fit the traditional mold.
With inflation indicators improving, there’s a positive narrative to share—especially for clients concerned about timing. Sharing these stories shows you’re informed and ready to act.
Real Estate Agent Perspective
Agents can highlight the declining lumber costs to inspire buyers who’ve been considering new construction. This is a window of opportunity to build at a discount.
Refinancing activity often signals homeowner movement, so stay connected with lenders who can point to clients looking to list. And don’t overlook the cookie news—posting cultural content builds engagement and humanizes your brand.
Home Buyer & Seller Perspective
Lower lumber prices and falling inflation could lead to more affordable home builds and lower interest rates in the future. If you’re looking to buy or build, this might be your window to act.
If you’re considering refinancing or selling, these trends signal it may be a good time to talk to your loan officer or real estate agent.
And when those Exploremores hit the shelves, grab a box. Or three. Meanwhile, reach out to the pro who shared this blog post with you—they’re here to help you get started.
Frank’s Thoughts
There’s some genuinely good news this week. Whether it’s the refinance surge or lumber drop, mortgage and real estate professionals have a lot to talk about with clients.
These market shifts are more than stats—they’re real moments where you can create opportunity for the people you serve.
And come on, let’s be honest—this new Girl Scout cookie sounds amazing. Bring those babies on!
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