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    3. Real Estate
    4. First-Time Buyer
    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
    September 28, 2026

    A snapshot of today's mortgage market.

    30-Year Fixed PMMS: 7.03% ▲ from 6.95%
    Freddie Mac’s latest weekly average increased 8 basis points. A year ago, it averaged 6.30%.

    Total Mortgage Applications: 1.5% ▼ Weekly
    Overall application volume declined for the week ending September 18.

    Purchase Applications: 1% ▼ Weekly | 11% ▼ Year Over Year
    Purchase activity softened, but buyers are still buying.

    Refinance Applications: 3% ▼ Weekly | Refi Share 39.3% ▼ from 39.4%
    Nearly 4 out of every 10 mortgage applications are still refinances.

    Existing-Home Sales: 3.98 Million Annual Pace ▼ 2.0% Monthly | 1.2% ▼ Year Over Year
    Almost 4 million homes are still selling at an annualized pace. There is plenty of business to get your share of if you are doing the right prospecting.

    New-Home Sales: 684,000 Annual Pace ▲ 6.4% Monthly | 2.0% ▼ Year Over Year
    August sales improved from July’s revised 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.

    27 Articles1 Followers
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    Brian Cavanaugh
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