June 29, 2025

VA loan

Loans

VA loans are up 45% annually as Gen Zers lead the charge

Gen Z veterans and service members led all age demographics in the growth of borrower activity — including a 459% increase in VA refinance loans. Gen Z also claims a 12% share of the VA purchase market, triple their share from just three years ago. For comparison, Gen Z buyers comprised only 3% of the

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Loans

Down payments shrink as homebuyers scoop up FHA, VA loans

The median down payment has hovered around 15% since the COVID-19 pandemic, up from 10% in preceding years. Down payments last declined in the summer of 2023, driven by falling home sale prices. While home prices are increasing today — rising 1.4% year over year in April — home-price growth has slowed and is contributing

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Mortgage

Mortgage applications continue to slump

On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index decreased 4% from the previous week and was 42% higher than the same week one year ago. The refinance share of mortgage activity remained unchanged at 37.3% of total applications from the previous week. “Refinance activity dipped again, as

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Mortgage

Mortgage applications drop after weeks of growth

The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 6% from last week. The refinance index decreased 13% from the previous week, but was 70% higher than the same week one year ago. The seasonally adjusted

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