US Mortgage Applications Rebound

2025-06-11 11:04 By Agna Gabriel 1 min. read

The volume of mortgage applications in the US jumped by 12.5% in the week ended June 6, 2025, after a 3.9% decline in the previous period, according to the Mortgage Bankers Association.

Applications to refinance a home loan, which are most sensitive to weekly rate moves, surged 15.6% and applications for a mortgage to purchase a home advanced 10.3%.

“Coming out of the Memorial Day holiday, mortgage applications increased to the highest level in over a month,” said Joel Kan, MBA’s vice president and deputy chief economist in a release.

“Treasury rates saw some movement during the week, which resulted in additional opportunities for borrowers.” “Despite ongoing uncertainty surrounding the economy, homebuyers seem to be taking advantage of loosening housing inventory in certain markets,” Kan added.

Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($806,500 or less) increased by 1bps to 6.93%.



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