US Mortgage Applications Rebound

2025-10-29 11:10 By Andre Joaquim 1 min. read

The volume of mortgage applications in the US soared by 7.1% from the previous week on the period ending October 17th, trimming the drop from four consecutive weeks of decline, according to data compiled by the Mortgage Bankers Association.

The sharp rebound aligned with a fresh decrease in benchmark mortgage rates, which dropped to a one-year low of 6.3% as a pessimistic labor market backdrop and concerns of a slowing economy pressured long-date Treasury yields.

Application volumes for a contract to refinance a mortgage, which are more sensitive to short-term changes in interest rates, soared by 9% on the week.

In turn, applications for a mortgage to purchase a new home rose by 5%.



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