{"id":1367,"date":"2025-08-10T15:15:13","date_gmt":"2025-08-10T15:15:13","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/falling-rates-spark-modest-rebound-in-mortgage-applications\/"},"modified":"2025-08-10T15:15:13","modified_gmt":"2025-08-10T15:15:13","slug":"falling-rates-spark-modest-rebound-in-mortgage-applications","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/falling-rates-spark-modest-rebound-in-mortgage-applications\/","title":{"rendered":"Falling Rates Spark Modest Rebound in Mortgage Applications"},"content":{"rendered":"\n<div>\n<p>Mortgage application activity rebounded last week as falling rates boosted both purchase and refinance demand. The Mortgage Bankers Association\u2019s weekly survey for the week ending August 1, 2025, showed a 3.1% increase in the seasonally adjusted Composite Index from the prior week.<\/p>\n<p>\u201cMortgage rates moved lower last week, following declining Treasury yields as economic data releases signaled a weakening U.S. economy,\u201d said Joel Kan, MBA\u2019s Vice President and Deputy Chief Economist. \u201cAs a result, the 30-year fixed rate decreased for the third straight week to 6.77%, and applications for both purchase and refinance increased.\u201d<\/p>\n<p>The Refinance Index rose 5% week-over-week and is 18% higher than the same week in 2024.<\/p>\n<p><\/p>\n<p>The seasonally adjusted Purchase Index increased 2% (unadjusted up 1%) and is also 18% above year-ago levels.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/a.mortgagenewsdaily.com\/assets\/689636d6cf0ef4aef8abb7a6\/689636d6cf0ef4aef8abb7a6.png\" width=\"508\" height=\"390\" alt=\"\"\/><\/p>\n<p>The refinance share of total mortgage applications increased to 41.5% from 40.7% the previous week.\u00a0 It&#8217;s now at its highest level since April. The adjustable-rate mortgage (ARM) share rose to 8.5%. FHA share edged down to 18.5% from 18.8%, while VA share increased to 13.3% from 12.2%.<\/p>\n<p><b>Mortgage Rate Summary:<\/b><\/p>\n<ul>&#13;<\/p>\n<li><b>30yr Fixed:<\/b> 6.77% (from 6.83%) | <b>Points:<\/b> 0.59 (from 0.60)<\/li>\n<p>&#13;<\/p>\n<li><b>15yr Fixed:<\/b> 6.03% (from 6.12%) | <b>Points:<\/b> 0.66 (from 0.64)<\/li>\n<p>&#13;<\/p>\n<li><b>Jumbo 30yr:<\/b> 6.65% (from 6.74%) | <b>Points:<\/b> 0.59 (from 0.51)<\/li>\n<p>&#13;<\/p>\n<li><b>FHA:<\/b> 6.47% (from 6.56%) | <b>Points:<\/b> 0.81 (from 0.83)<\/li>\n<p>&#13;<\/p>\n<li><b>5\/1 ARM:<\/b> 6.06% (from 6.22%) | <b>Points:<\/b> 0.49 (from 0.51)<\/li>\n<p>&#13;\n<\/ul>\n<p>Rates have been very flat in the present week, but generally holding the low levels achieved after last Friday&#8217;s jobs report. This should make for solid refi demand in next week&#8217;s application data.\u00a0 The next wave of momentum could shift for better or worse after next Tuesday&#8217;s inflation data.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage application activity rebounded last week as falling rates boosted both purchase and refinance demand. The Mortgage Bankers Association\u2019s weekly survey for the week ending August 1, 2025, showed a 3.1% increase in the seasonally adjusted Composite Index from the prior week. \u201cMortgage rates moved lower last week, following declining Treasury yields as economic data [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1368,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[209,1028,231,153,154,1179,1178],"class_list":["post-1367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-applications","tag-falling","tag-modest","tag-mortgage","tag-rates","tag-rebound","tag-spark"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1367"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1368"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}