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Optimal Blue researchers found correlations of 75% or more when looking at numbers of different loan-size cohorts, but the percentages came in lower when state data was analyzed.

The Mortgage Bankers Association now predicts slightly more purchases even with higher rates, but the Ukraine situation could change that.

The record amount is largely a reflection of the two banner years the mortgage market recently enjoyed, but it’s also one of the smallest gains seen in recent years.

Although forbearance exits are not yet complete, two arms of the Department of Housing and Urban Development have decided to make some temporary pandemic relief programs permanent.

Meanwhile, 707,104 mortgages remain in forbearance, accounting for a combined $136 billion in unpaid balances.

Richard T. Pratt is a former chairman of the Federal Home Loan Bank Board and Federal Savings & Loan Insurance Corp.

Mortgage companies can open doors to homeownership for more minorities by incorporating low-down-payment financing options; closing cost credits; down-payment assistance; diverse, in-market sales teams ready to provide access and support; and more, writes the chair of the Mortgage Bankers Association.

Kristy Fercho is the head of Wells Fargo Home Lending and 2021 chair of the Mortgage Bankers Association

Annamaria Lusardi is university professor of economics and accountancy at George Washington University and the founder and academic director of the Global Financial Literacy Excellence Center. Information about her can be found here.

Vincent J. Delie Jr. is chairman, president and chief executive of F.N.B. Corp. and First National Bank.