August 27, 2025

Mortgage Bankers Association

Mortgage

Home Loan Demand Declines Again as Mortgage Rates Remain Unchanged

Home loan applications decreased by 0.5% from a week earlier for the week ending Aug. 22, according to the Mortgage Bankers Association. This is the second straight week applications have been down. The consecutive week of loan applications declining comes after mortgage interest rates held steady. The average rate on a 30-year fixed home loan

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Mortgage

Lower Mortgage Rates Fuel Demand for Home Loans and Refinancing

The number of people securing a home loan increased 10.9% for the week ending Aug. 8, according to the Mortgage Bankers Association. This marks the second week in a row the demand for mortgage applications grew. The surge in applications comes as the mortgage interest rate on a 30-year fixed home loan was 6.63% for

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Mortgage

Mortgage Rate Forecast 2026—and Where Warren Buffett’s Berkshire Hathaway Thinks They’re Headed

The Berkshire Hathaway U.S. Real Estate Market Forecast highlights the uncertainty in the housing market influenced by world events and financial market fluctuations. The report discusses the impact of mortgage rate changes for 2026 and the potential relief for homebuyers in the coming years. FULL STORY: Warren Buffett’s Berkshire Hathaway Shares Mortgage Rate Forecast for

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Mortgage

Home Loans Surge As Borrowers Take Advantage of Lower Rates

The demand to finance a home surged as mortgage applications increased 3.1% for the week ending August 1, according to the Mortgage Bankers Association. The increase comes after applications decreased 3.8% the week prior. In addition, mortgage interest rates remained fairly steady at 6.72% for a 30-year fixed mortgage, for the week ending July 31, according

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Mortgage

Home Loans Decreased 3.8% but More Homeowners Opted To Refinance

The interest in home loans continues its up and down pattern. Mortgage applications decreased 3.8% for the week ending July 25, according to the Mortgage Bankers Association. The downturn comes after a slight 0.8% uptick last week. In addition, mortgage interest rates remained fairly steady at 6.74% for a 30-year fixed mortgage, for the week ending

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Banking

Senate Banking Committee advances bipartisan ‘ROAD to Housing Act’

The ROAD to Housing Act is now headed to the Senate floor for consideration. It has garnered support from key housing, real estate and mortgage trade groups, though several are pushing for changes to specific provisions. “This bill is a welcome step in the right direction,” said Isaac Boltansky, head of public policy at Pennymac,

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Mortgage

Mortgage rates remain higher as Fed policy standstill continues

Help from the Federal Reserve in the form of lower benchmark rates is unlikely to arrive this month. The CME Group’s FedWatch tool on Tuesday showed that 95% of interest rate traders believe the federal funds rate will remain in a range of 4.25% to 4.5% when the Federal Open Market Committee meets at the

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Mortgage

Mortgage rates move down amid uncertainty

Mortgage rates moved down this week, with the 30-year fixed rate averaging 6.72 percent, compared to 6.79 percent the previous week, according to Bankrate’s latest lender survey. Loan type Current 4 weeks ago One year ago 52-week average 52-week low 30-year 6.72% 6.89% 7.09% 6.80% 6.20% 15-year 5.85% 6.06% 6.51% 6.03% 5.40% 30-year jumbo 6.75%

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Mortgage

Lower mortgage rates are driving refinance applications

What stood out from the end of June data was the refinance index increasing 7% from the previous week and coming in 40% higher than the same week one year ago. The refinance share of mortgage activity increased to 40.1% of total applications from 38.4% the previous week. “Mortgage rates were lower across all loan

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Mortgage

Mortgage affordability dips in April as payments edge higher

The national PAPI decreased 0.6% from March to a reading of 163.0 in April. Median earnings were up 4.8% compared to one year ago, and while payments decreased 3.1%, the significant earnings growth means that the PAPI is down 8.4% on an annual basis. For borrowers applying for lower-payment mortgages (the 25th percentile), the national

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