The newest weekly mortgage applications survey data, released Wednesday by the Mortgage Bankers Association (MBA) included the lowest mortgage rates in months, which created a stir in the number of applications.

According to the MBA, the Federal Housing Administration (FHA) share of the market dipped to 6.42%, while refinance activity posted its fastest pace since October 2024.

“Conventional refinance applications rose 34% and government refinance applications increased by 42% over the week,” Joel Kan, the MBA’s vice president and deputy chief economist, said in the announcement. “The move in government refinances was driven by a 75% increase details ⇒

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