Mortgage applications in the US fell 1.8% in the week ending October 10, 2025, marking the third consecutive declines in mortgage demand. Applications to refinance a home loan decreased 1% and those to buy a home dropped 2.7%. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) fell by 1bps to 6.42%.