The mortgage demand will continue to exceed 2024

July 23, 2025

5 1 minute read

On a non -corrected basis, the index rose by 1% compared to the previous week.

The refinancing index fell by 3% compared to the last week, but remained 22% higher than the same week a year ago. The refinancing share of the mortgage activity fell to 39.6% of the total applications of 41.1% last week.

The seasonal adjusted purchasing index rose by 3% compared to a week earlier. The non -adjusted purchase index rose by 4% compared to the last week and was 22% higher than the same week a year ago.

“The 30-year fixed mortgage interest rate fell higher last week to the highest level in four weeks at 6.84%, while the rates for other borrowing types were mixed. Purchase requests ended the week higher, driven by conventional purchase loans, and continue to run for last year’s pace,” said Joel Kan, Mba’s Vice-President and Adjunct-Ch.

He continued: “After reaching $ 460,000 in March 2025, the purchase loan amount has fallen to the lowest level since January 2025 to $ 426,700. With the fixed rate of 30 years still too high to take advantage of many borrowers, refinancing requests had fallen nearly 3% for the week.”

For each product, the mortgage share (poor) share in the activity increased to 7.2% of the total applications. The Fha In the meantime, the share fell to 18.7% of 19.0% the week before. The Va The share of the total applications remained unchanged at 12.6% compared to the week before, and the USDA The share increased to 0.6% from 0.5%.

The average contract interest for 30-year-old mortgages with fixed interest rates with conforming loans rose to 6.84% of 6.82%. The average contract interest for 30-year-old mortgages with fixed interest rates with Jumbo loan balances remained unchanged at 6.75%.

The average contract interest for 30-year-old by the FHA with a fixed rates with a fixed interest rate remained unchanged at 6.52%. The average contract interest for 15-year-old mortgages with a fixed interest rate fell to 6.14% of 6.16%, and 5/1 poor also saw a decrease compared to 6.08% from last week to 6.01%.