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    4. Real Estate
    5. A snapshot of today's mortgage market.
    1 min
    A snapshot of today's mortgage market.
    Real Estate

    A snapshot of today's mortgage market.

    AAuthor
    October 5, 2026

    A snapshot of today's mortgage market.

    30-Year Fixed PMMS: 7.28% ▲ from 7.03%
    Freddie Mac’s latest weekly average moved up 25 basis points. A year ago, it averaged 6.34%.

    Total Mortgage Applications: 6.0% ▼ Weekly
    MBA reported overall application volume declined 6.0% for the week ending September 25.

    Purchase Applications: 4% ▼ Weekly | 14% ▼ Year Over Year
    Purchase activity declined again in MBA’s latest weekly survey.

    Refinance Applications: 9% ▼ Weekly | Refi Share 38.3% ▼ from 39.3%
    Refinance applications declined, but refis still make up a meaningful share of current mortgage activity.

    Existing-Home Sales: 3.98 Million Annual Pace ▼ 2.0% Monthly | 1.2% ▼ Year Over Year
    Nearly 4 million existing homes are still selling at an annualized pace.

    New-Home Sales: 684,000 Annual Pace ▲ 6.4% Monthly | 2.0% ▼ Year Over Year
    August new-home sales increased from July’s 643,000 pace.

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    Brian Cavanaugh

    @briancavanaugh

    Senior Loan Officer & Branch Manager| NMLS # 441864

    With nearly 23 years in the mortgage industry, I love helping homebuyers and homeowners in Massachusetts navigate the loan process with confidence. Based in the Boston suburbs, I work with clients across the Greater Boston area. I specialize in jumbo loans, first-time homebuyer programs, and Affinity Mortgage Lending.

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