US mortgage applications increased by 10.8% in the first week of June, according to data from the Mortgage Bankers Association. This rebound follows a 2.5% decline in the previous period and ends a three-week streak of decreases, marking the highest rise since late February, even as benchmark mortgage rates climbed. Refinance applications, which are particularly sensitive to short-term interest rate changes, jumped by 15.3%, while applications for mortgages to purchase a home rose by 7.3%.