US Mortgage Applications Rise Further âšī¸
US mortgage applications increased by 2.7% in the last week of June 2025, driven by a drop in 30-year fixed mortgage rates to 6.79%, with refinancing applications surging by 7%.
Interest rate dynamics suggest potential easing of borrowing costs, which could stimulate housing market activity and improve consumer sentiment. Lower mortgage rates typically signal reduced inflationary pressures and potential economic stabilization.