Elisa Garcia

US mortgage applications ↑~11% for the period ending June 5, with holiday-adjusted results showing renewed borrower activity across national loan demand overall.
The seasonally adjusted application volume measure ↑~11% from the prior period, while the unadjusted measure ↑~21%, signaling broad improvement across loan activity.
Refinance activity showed momentum too, ↑~15% from the prior period and ↑~20% yearly, giving current owners another reason to review options carefully.
Purchase applications also strengthened: seasonally adjusted purchase demand ↑~7%, unadjusted purchase activity ↑~17%, and yearly purchase activity ↑~4% during the measured period.
For buyers, owners, and advisors, the current data points to a more active mortgage market, especially across both refinance and purchase channels.

US Mortgage Applications Jump ~11%

US mortgage applications ↑10.8% from the prior survey week, with unadjusted activity ↑21% after a holiday-adjusted comparison period, signaling renewed application activity.
Refinance applications ↑15%, reaching 40.2% of total activity, while purchase applications ↑7% seasonally adjusted and ↑4% yearly unadjusted, showing both sides participated.
Mortgage rates stayed volatile, but 30-yr fixed pricing sat in the mid-6% range, with some borrowers finding lower-rate opportunities during current conditions.
Loan mix shifted modestly: government-backed activity included 17.4% FHA, 13.4% VA, and 0.4% USDA, while ARM share reached 8.6% of applications overall.
A separate mortgage-intent index ↑~21% after the holiday period, yet activity stayed <2% below MoM and yearly levels, suggesting borrower adjustment may be emerging.