Mortgage applications shrink as VA loan demand declines
Mortgage refinance activity fell week-over-week while purchase applications held steady and mortgage rates edged up, with FHA demand rising and VA activity declining.
ICE reports affordability reaches best level since early 2023
U.S. home affordability improved to a 2.5-year high as 30-year mortgage rates fell to about 6.25%, lowering monthly payments and boosting purchase demand.