US Mortgage Applications Inch Down

2025-11-05 12:15 By Andre Joaquim 1 min. read

The volume of mortgage applications in the US eased by 1.9% from the previous week in the final week of October, trimming the 7.1% surge in the previous week, according to data compiled by the Mortgage Bankers Association.

The downtick was consistent with a 1bps increase in benchmark mortgage rates, which resisted a sharper increase in long-term yields following hawkish signals by the Fed.

Applications for a contract to refinance a mortgage, which are more sensitive to short-term changes in interest rates and their outlook, fell by 2.8%.

In turn, applications for a mortgage to buy a new home fell by 0.7%.



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