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: Housing News Big Jump in Mortgage Demand, But Rates Are Already Rising Again 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 e... (read more) Mortgage Rate Watch Mortgage Rate Losing Streak Ends With Moderate Victory 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 tra... (read more) MBS Commentary Bonds Sticking to Predictable Script So Far This Week 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 conditi... (read more) Rob Chrisman Pulte's Vantage Score Comments Leave Mortgage Market Guessing 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 bankrup... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.85% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.85% +0.02 0.00 15 Yr. Fixed 6.07% +0.04 0.00 30 Yr. FHA 6.40% +0.03 0.00 30 Yr. Jumbo 6.92% +0.02 0.00 7/6 SOFR ARM 6.25% -0.02 0.00 30 Yr. VA 6.41% +0.02 0.00 Updates Daily - Last Update: 7/15 15 Yr. Fixed Rate 6.07% +0.04% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% +0.05 0.00 15 Yr. Fixed 5.86% +0.06 0.00 Updates Weekly - Last Update: 7/10 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.02 0.62 15 Yr. Fixed 6.04% -0.02 0.63 30 Yr. Jumbo 6.69% -0.09 0.65 Updates Weekly - Last Update: 7/9 MBS / Treasuries UMBS 30YR 5.5 98.92 -0.25 Price / Yield Change MBS UMBS 5.5 98.92 0.00 UMBS 6.0 100.95 -0.01 GNMA 5.5 99.34 -0.02 GNMA 6.0 101.16 +0.01 Pricing as of: 7/15 9:13PM EST 10 Year US Treasury 4.4924 +0.0571 Price / Yield Change US Treasury 2 YR Treasury 3.948 -0.001 5 YR Treasury 4.049 +0.009 7 YR Treasury 4.260 +0.009 10 YR Treasury 4.492 +0.008 30 YR Treasury 5.028 +0.003 Pricing as of: 7/15 9:13PM EST 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

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