Report

Housing Finance Watch (Weeks 24 & 25, 2025)

By Edward J. Pinto | Tobias Peter | Sissi Li

June 24, 2025

PDF to full report

Key takeaways:

  • The median purchase rate decreased to 6.625% in week 25, 2025.
  • According to Mortgage News Daily, the avg. 30-year rate was 6.84% on June 23rd.
  • Purchase rate lock volume was down 38% from the same week in 2019, and down 12% YoY.
  • Preliminary YoY HPA was 2.5% in May 2025. It is projected at 2.6% and 2.4% for June 2025 and the first three weeks of July 2025, respectively.
  • Despite subdued purchase activity and relatively high rates, YoY HPA remains modestly positive, largely due to buyers being well-qualified.

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