
Mortgage Applications Picked Up in June as Rates Eased
Mortgage application activity picked up in June, supported by a slight decline in interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which tracks mortgage application volume, rose 5.4% from May on a seasonally adjusted basis. Compared to June 2024, total applications were up 21.1%. The average contract rate for 30-year fixed mortgages edged…