Mortgage application activity surged last week as sharply lower mortgage rates boosted refinance demand and gave purchase applications a modest lift. The Mortgage Bankers Association’s weekly survey showed a 10.9% increase in the seasonally adjusted Composite Index for the week ending August 8, 2025. “Mortgage rates fell to their lowest level since January, leading to a solid rebound in application activity,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “The 30-year fixed rate declined to 6.67%, the third straight weekly drop, and that pulled refinance applications to their highest level since early 2023. Purchase activity also picked up, driven by gains in both conventional and government segments.” The Refinance Index jumped 23% week-over-week and is now roughly 55% higher than the same week a year ago.  The Purchase Index rose 1.4% from the prior week and is running about 18% ahead of last year’s pace. Mortgage Rate Summary: 30yr Fixed: 6.67% (from 6.77%) | Points: 0.64 (up from 0.59) 15yr Fixed: 5.93% (from 6.03%) | Points: 0.63 (down from 0.66) Jumbo 30yr: 6.70% (from 6.65%) | Points: 0.56 (down from 0.59) FHA: 6.40% (from 6.47%) | Points: 0.77 (down from 0.81) 5/1 ARM: 5.80% (from 6.06%) | Points: 0.67 (up from 0.49)

August 13, 2025 Download our Mobile App: Download our Mobile App: Housing News Refi Demand Surged as Rates Hit Longer-Term Lows Mortgage application activity surged last week as sharply lower mortgage rates boosted refinance demand and gave purchase applications a modest lift. The Mortgage Bankers Association’s weekly survey showed a 10.9% increase in the seasonally adjusted ... (read more) MBS Commentary Data-Free Rally Day Data-Free Rally Day Wednesday represented this week's lull in terms of scheduled market movers on the calendar. Overnight gains game courtesy of strength in EU bonds as well as burgeoning expectations for a F... (read more) Mortgage Rate Watch Mortgage Rates Hit New 10 Month Lows October 3rd, 2024 continues to be the day to beat when it comes to mortgage rates hanging out at 10 month lows. Today's top tier 30yr fixed rate matched October 4th levels for the first time since then, just barely edging out last week's lowest level... (read more) Rob Chrisman TBA Trading, Servicing, DPA, HELOC Products; CFPB and Regulations Shifting I received this note from Dallas. “I like ‘dillos, but I don’t support giving them guns because... I would never armadillo.” Speaking of which, Texas is slowing down: The Dallas Fed tells us, “Texas’ overall pace of economic growth, much of it due to... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.58% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.58% +0.02 0.00 15 Yr. Fixed 5.95% +0.01 0.00 30 Yr. FHA 6.18% +0.03 0.00 30 Yr. Jumbo 6.69% +0.01 0.00 7/6 SOFR ARM 6.15% 0.00 0.00 30 Yr. VA 6.19% +0.02 0.00 Updates Daily - Last Update: 8/15 15 Yr. Fixed Rate 5.95% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.58% -0.05 0.00 15 Yr. Fixed 5.71% -0.04 0.00 Updates Weekly - Last Update: 8/14 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.67% -0.10 0.64 15 Yr. Fixed 5.93% -0.10 0.63 30 Yr. Jumbo 6.70% +0.05 0.56 Updates Weekly - Last Update: 8/13 MBS / Treasuries UMBS 30YR 5.5 100.06 -0.08 Price / Yield Change MBS UMBS 5.5 100.06 -0.08 UMBS 6.0 101.80 -0.06 GNMA 5.5 100.35 -0.08 GNMA 6.0 101.83 -0.04 Pricing as of: 8/17 2:33PM EST 10 Year US Treasury 4.3174 +0.0316 Price / Yield Change US Treasury 2 YR Treasury 3.755 +0.023 5 YR Treasury 3.838 +0.023 7 YR Treasury 4.049 +0.025 10 YR Treasury 4.317 +0.032 30 YR Treasury 4.918 +0.047 Pricing as of: 8/17 2:33PM EST Latest Video Former Cleveland Fed Pres. Mester: The next Fed chair should be someone 'wh... Refinance applications rise to strongest level since April President Trump expands search for next Federal Reserve chair White House says the plan is for BLS to put out monthly reports Around the Web The Basis Point Bessent on 0.5% Sept Fed cut, 11 Powell replacement candidates Eye on Housing U.S. Economy Rebounded in Second Quarter CNBC Weekly mortgage refinancing demand shoots 23% higher, with riskier loans making a comeback Marketwatch Key inflation rate shows biggest rise in 6 months, CPI shows, but Fed rate cut still appears in play Calculated Risk Blog 2nd Look at Local Housing Markets in July CNBC Older student loan borrowers face high delinquency rates as Trump administration ramps up collections CNBC Consumer prices rise 2.7% annually in July, less than expected amid tariff worries CNBC Quantum computing could be commercial real estates next big tailwind CNBC Treasury yields fall as investors digest latest inflation data Eye on Housing Student Loan Balances Rise CNBC Trump extends China tariff deadline by 90 days Calculated Risk Blog Cleveland Fed: Median CPI increased 0.3% and Trimmed-mean CPI increased 0.2% in July CNBC Treasury yields rise as investors await key inflation print, assess U.S.-China trade truce

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