Mortgage application activity rebounded last week as falling rates boosted both purchase and refinance demand. The Mortgage Bankers Association’s weekly survey for the week ending August 1, 2025, showed a 3.1% increase in the seasonally adjusted Composite Index from the prior week. “Mortgage rates moved lower last week, following declining Treasury yields as economic data releases signaled a weakening U.S. economy,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “As a result, the 30-year fixed rate decreased for the third straight week to 6.77%, and applications for both purchase and refinance increased.” The Refinance Index rose 5% week-over-week and is 18% higher than the same week in 2024. The seasonally adjusted Purchase Index increased 2% (unadjusted up 1%) and is also 18% above year-ago levels. The refinance share of total mortgage applications increased to 41.5% from 40.7% the previous week.  It's now at its highest level since April. The adjustable-rate mortgage (ARM) share rose to 8.5%. FHA share edged down to 18.5% from 18.8%, while VA share increased to 13.3% from 12.2%. Mortgage Rate Summary: 30yr Fixed: 6.77% (from 6.83%) | Points: 0.59 (from 0.60) 15yr Fixed: 6.03% (from 6.12%) | Points: 0.66 (from 0.64) Jumbo 30yr: 6.65% (from 6.74%) | Points: 0.59 (from 0.51) FHA: 6.47% (from 6.56%) | Points: 0.81 (from 0.83) 5/1 ARM: 6.06% (from 6.22%) | Points: 0.49 (from 0.51)

August 8, 2025 Download our Mobile App: Download our Mobile App: Housing News Falling Rates Spark Modest Rebound in Mortgage Applications Mortgage application activity rebounded last week as falling rates boosted both purchase and refinance demand. The Mortgage Bankers Association’s weekly survey for the week ending August 1, 2025, showed a 3.1% increase in the seasonally adjusted Comp... (read more) MBS Commentary Focus Shifts to Next Week's High Stakes CPI Focus Shifts to Next Week's High Stakes CPI Bonds lost ground at the fastest pace of the week on Friday, but even that ended up being insignificant in the bigger picture. The bottom line is that this week's t... (read more) Mortgage Rate Watch Mortgage Rates Flat Ahead of Next Week’s High-Stakes Data Mortgage rates finally moved in a slightly more noticeable direction today, but the change was still inconsequential in the bigger picture. The average 30yr fixed rate in our index edged up a mere 2 hundredths of a percent from 6.55% to 6.57%, exactl... (read more) Rob Chrisman HELOC, Warehouse Products; Better.com Earnings; Upcoming Events; AI and Threatened Jobs People gearing up for the Western Secondary in Southern California see that “technology” is on the agenda. (Of course, it is always on every agenda, right?) Is the making of baby carrots considered “technology”? When Google tells you that part of its... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.57% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.57% +0.02 0.00 15 Yr. Fixed 5.93% +0.01 0.00 30 Yr. FHA 6.15% +0.03 0.00 30 Yr. Jumbo 6.70% 0.00 0.00 7/6 SOFR ARM 6.14% +0.02 0.00 30 Yr. VA 6.16% +0.03 0.00 Updates Daily - Last Update: 8/8 15 Yr. Fixed Rate 5.93% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.63% -0.09 0.00 15 Yr. Fixed 5.75% -0.10 0.00 Updates Weekly - Last Update: 8/7 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.24 0.59 15 Yr. Fixed 6.03% -0.42 0.66 30 Yr. Jumbo 6.65% -0.52 0.59 Updates Weekly - Last Update: 8/6 MBS / Treasuries UMBS 30YR 5.5 100.15 +0.08 Price / Yield Change MBS UMBS 5.5 100.14 +0.07 UMBS 6.0 101.89 +0.08 GNMA 5.5 100.39 +0.10 GNMA 6.0 101.81 +0.07 Pricing as of: 8/11 6:32AM EST 10 Year US Treasury 4.2592 -0.0228 Price / Yield Change US Treasury 2 YR Treasury 3.748 -0.013 5 YR Treasury 3.810 -0.025 7 YR Treasury 4.006 -0.021 10 YR Treasury 4.260 -0.022 30 YR Treasury 4.826 -0.026 Pricing as of: 8/11 6:32AM EST Latest Video Minneapolis Fed Pres. Neel Kashkari: Two cuts this year 'still seem reasona... Wholesale inventories up 0.3 vs. 0.2% estimated Bond yields hold steady following 10-year Treasury auction NY Fed: Total household debt increases by 1% in Q2 to $18.4 trillion Around the Web The Basis Point Trump nominates CEA chair Miran Fed governor to replace Kugler until Jan 31, buying time for Powell succession Eye on Housing Weaker Demand for Residential Mortgages in Second Quarter Calculated Risk Blog Update: Lumber Prices Up 24% YoY Calculated Risk Blog 1st Look at Local Housing Markets in July Eye on Housing Foundation Types in 2024: Slabs Continue to Rise, Crawl Spaces Decline CNBC Why it's so difficult to manufacture in the U.S. Calculated Risk Blog Early Q3 GDP Tracking Calculated Risk Blog Weekly Initial Unemployment Claims Increase to 226,000 CNBC Treasury yields hold steady as investors weigh the state of the U.S. economy Eye on Housing Multifamily Developer Confidence Increases in Second Quarter Calculated Risk Blog Wholesale Used Car Prices Decreased in July; Up 3% Year-over-year CNBC Treasury yields little changed as Trump's 'reciprocal' tariffs go into effect CNBC Bank of England cuts interest rates by a quarter point to 4% as balancing act continues

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