| 30-year fixed-rate (Conforming – $832,750 or less) ● Average contract interest rate increased to 6.65% from 6.58%. ● Highest level since August 2025. ● Points increased to 0.67 from 0.64 (including the origination fee) for 80% LTV loans. ● Effective rate increased from last week. 30-year fixed-rate (Jumbo – greater than $832,750) ● Average contract interest rate increased to 6.62% from 6.50%. ● Points increased to 0.54 from 0.42 (including the origination fee) for 80% LTV loans. ● Effective rate increased from last week. 30-year fixed-rate (FHA) ● Average contract interest rate increased to 6.33% from 6.28%. ● Points increased to 0.81 from 0.79 (including the origination fee) for 80% LTV loans. ● Effective rate increased from last week. 15-year fixed-rate ● Average contract interest rate increased to 6.05% from 5.99%. ● Points increased to 0.88 from 0.71 (including the origination fee) for 80% LTV loans. ● Effective rate increased from last week. 5/1 ARM ● Average contract interest rate decreased to 5.75% from 5.84%. ● Points decreased to 0.93 from 0.94 (including the origination fee) for 80% LTV loans. ● Effective rate decreased from last week. Joel Kan, MBA’s Vice President and Deputy Chief Economist: “Mortgage applications declined as the 30-year fixed rate increased to 6.65 percent, the highest level since August 2025. Purchase applications were down over the week and dipped below last year’s pace in the week following the July 4th holiday. Despite higher mortgage rates, refinance applications increased, led by FHA and VA refinance applications rising 9 and 10 percent, respectively.” |
Mortgage Rates
