"The growing appetite for government loans are following the lead of conventional mortgages, as rates for conventional loan products have dropped to a new low for 2025 at 6.27%, according to MND. That's in spite of Thursday's Consumer Price Index (CPI) inflation report showing that prices in August rose faster on a monthly and yearly basis than they did in July."
"Activity across all mortgage types jumped this week, according to data from the Mortgage Bankers Association (MBA)'s weekly mortgage applications survey for the week ending Sept. 5. Applications increased 9.2% from one week earlier. By product type and activity, the VA loan share increased to 15.3% while the FHA loan share dipped slightly to 18.5%, a figure that is likely to change trajectory given sub-6% rates."
Conventional mortgage rates dropped to 6.27%, the lowest level in 2025, per MND. The Consumer Price Index showed prices in August rose faster both monthly and yearly than in July. Mortgage applications across all loan types rose 9.2% for the week ending Sept. 5, according to the Mortgage Bankers Association weekly survey. VA loan market share climbed to 15.3%. FHA loan market share slipped slightly to 18.5% but may shift if rates fall below 6%. Government loan demand has increased alongside conventional activity. Market conditions remain fluid and borrower behavior may continue to respond to rate moves and inflation readings.
Read at www.housingwire.com
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