Boston condos for sale mixed messages on mortgage applications
Boston Condos for Sale and Apartments for Rent
Boston condos for sale mixed messages on mortgage applications
While some weekly data points showed increases in mortgage and refinancing applications during October 2025, the overall trend for the latter half of the month and early November showed decreases in applications. A surge in refinancing occurred in late September, driven by falling mortgage rates, but later reversed as rates fluctuated and even edged upward. The initial surge was attributed to rate cuts from the Federal Reserve in September and October, which initially lowered rates and spurred application volume.
Key takeaways from application trends in October 2025:
- Early vs. late October: An initial jump in applications, especially refinancing, was recorded in late September and continued into early October as rates declined. However, later in the month, applications generally decreased week-over-week.
- Rate sensitivity: Fluctuations in mortgage rates significantly impacted application volume. An increase in rates, even a small one, was enough to send some refinancers “back to the sidelines”. Boston condo for sale borrowers with larger loan balances were especially sensitive to these rate changes.
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