Mortgage application activity bounced higher last week following a drop in rates to the lowest levels in 3 months. The Mortgage Bankers Association’s (MBA) weekly survey showed a 9.4% increase in the seasonally adjusted Composite Index for the week ending July 4, 2025. The results included an adjustment for the July 4th holiday. “Mortgage rates moved lower last week, with the 30-year fixed rate decreasing to 6.77 percent, its lowest level in three months,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “After adjusting for the July 4th holiday, purchase applications increased to the highest level of activity since February 2023 and remained above year-ago levels. Homebuyer demand is being fueled by increasing housing inventory and moderating home-price growth.” Refinance applications were up 9% from the previous week and are now 56% higher than the same week last year, with VA refinances jumping 32%. Purchase applications rose 9% on a seasonally adjusted basis and are now 25% higher than last year. The average loan size for purchase apps dropped to $432,600, the lowest since January. The average 30-year fixed rate fell to 6.77% while most point levels shifted only modestly. Jumbo rates posted a larger drop, but points increased more noticeably. Mortgage Rate Summary: 30yr Fixed: 6.77% (−0.02) | Points: 0.62 (unch) 15yr Fixed: 6.04% (−0.02) | Points: 0.63 (−0.04) Jumbo 30yr: 6.69% (−0.09) | Points: 0.65 (+0.25) FHA: 6.51% (−0.02) | Points: 0.80 (+0.04) 5/1 ARM: 6.01% (+0.02) | Points: 0.73 (+0.13)

July 9, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.15% -0.02%   6.01% 7.13% 15 Yr. Fixed 5.72% -0.03%   5.55% 6.5% 30 Yr. Jumbo 6.33% -0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jul 9, 2025 Mortgage Rate Losing Streak Ends With Moderate Victory Wed, Jul 9, 2025 3:35PM It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the  size of that movement, things have been less traumatic considering the average lender was still at the lowest levels since early April with the exception of the past 2 weeks. Perhaps it would be better-described as a "non-winning streak."  In any event, it's over. The underlying bond market was already showing signs that it was tired of pushing rates higher by yesterday afternoon. Now toda... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.15% -0.02 0.00 15 Yr. Fixed 5.72% -0.03 0.00 30 Yr. FHA 5.75% -0.05 0.00 30 Yr. Jumbo 6.33% -0.02 0.00 7/6 SOFR ARM 5.56% -0.03 0.00 30 Yr. VA 5.77% -0.04 0.00 Updates Daily - Last Update: 2/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly - Last Update: 2/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 100.05 +0.01   95.71 100.50 UMBS 30YR 5.5 101.49 +0.04   98.11 101.64 10 YR Treasury 4.213 +0.033   3.932 4.608 Bonds Sticking to Predictable Script So Far This Week Wed, Jul 9, 2025 10:09AM Anyone who's spent much time around MBS Live knows about our favorite mantra regarding predictions.  Specifically, they are for suckers--at least in the context of predicting future interest rate movement. Occasionally, though, there are conditions that result in somewhat reliable patterns or "paths of least resistance."  Any time the bond market... (read more) MBS Price Change UMBS 4.5 98.06 +0.03 UMBS 5.0 100.05 +0.01 UMBS 5.5 101.49 +0.04 GNMA 4.5 97.84 +0.10 GNMA 5.0 100.18 +0.11 GNMA 5.5 101.22 -0.02 Pricing as of: 2/7 10:45AM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.044 5 YR Treasury 3.753 +0.036 7 YR Treasury 3.965 +0.026 10 YR Treasury 4.213 +0.033 30 YR Treasury 4.851 +0.006 Pricing as of: 2/7 10:45AM EST Other News Big Jump in Mortgage Demand, But Rates Are Already Rising Again Wed, Jul 9, 2025 9:17AM Mortgage application activity bounced higher last week following a drop in rates to the lowest levels in 3 months. The Mortgage Bankers Association’s (MBA) weekly survey showed a 9.4% increase in the seasonally adjusted Composite Index for the week ending July 4, 2025. The results included an adjustment for the July 4th holiday. “Mortgage rates moved lower ... (read more) Pulte's Vantage Score Comments Leave Mortgage Market Guessing Wed, Jul 9, 2025 8:33AM If you think that everything is great in the U.S. economy, maybe it’s not. At least in New Jersey. While many residents are frolicking on the Jersey Shore, Toms River schools, one of New Jersey’s largest districts, voted to file for Chapter 9 bankruptcy after refusing to raise property taxes another 12.9 percent. This comes after last year’s 9.3 percent incr... (read more) Latest Video Next Fed chair pick likely to move market less, says Jefferies' Zervos GOP bill is largely priced into U.S. Treasurys, says JPMorgan's Priya Misra Consumer demand for homes has outpaced their wallets, says Howard Hughes Ho... President Trump announces 25% tariffs on Japan and South Korea starting Aug... Around the Web Federal Reserve Fed Minutes Text CNBC Trump's next Fed chair pick already comes with a credibility problem Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-July 2025 Eye on Housing Whos Still Working from Home in 2025? A Look at Americas Telework Trends Eye on Housing Mortgage Applications Picked Up in June as Rates Eased CNBC Trump signals more tariff letters coming Wednesday Calculated Risk Blog 1st Look at Local Housing Markets in June Reuters Fed minutes likely to shine light on divide over tariffs, rates outlook CNBC Inflation expectations drift back down to pre-tariff levels, New York Fed survey shows Eye on Housing Top Ten Builder Share Rises Again in 2024 Calculated Risk Blog Wholesale Used Car Prices Increased in June; Up 6% Year-over-year CNBC European Union in limbo as Washington keeps it waiting on a trade agreement Calculated Risk Blog Small Business Optimism Index decreased slightly in June

© 2026  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.