Fannie Mae Mortgage Applications Fall 14.3% as Rates Rise
Fannie Mae’s latest purchase mortgage application reading slipped 3.2% in the week ending October 2, while its refinance reading fell 9.1%, a sharper warning that the mortgage-rate rise is already reaching household decisions. The release, posted October 6, arrived as Freddie Mac’s latest available 30-year fixed average stood at 7.28% on October 1, up from 6.34% on October 2, 2025. A single weekly index is not a housing recession, but this mix puts the next sales and pending-contract data on notice: affordability is weakening before supply has had time to respond.
Key Takeaways Fannie Mae’s purchase application index fell 3.2% week over week and 14.3% year over year for the week ending Octobe…
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