MBA reports applications fell 2.2% for the week ending July 3, with refis down 4% and purchase activity down 1% on an adjusted basis.

Mortgage spreads improved to 2.01%, keeping rates near 6.60% as total pending sales rose to 422,120 vs 396,652 last year.

Mortgage spreads improved in 2026, keeping rates below 7% and helping demand hold up, even as oil spiked and inflation stayed hot.

U.S. mortgage performance remained stable in May even as headline delinquencies rose due to a Sunday month-end that pushed some payments into June, according to Intercontinental Exchange’s First Look report.

JPMorgan Chase has named Doug Petno and Troy Rohrbaugh as co-presidents effective immediately — the clearest step yet in the board’s planning for an eventual successor to CEO Jamie Dimon.

MBA shows apps up 1.0% for June 19, 2026, as refis rose 3% and purchases slipped 1%. Xactus’ mortgage intent index fell -10.38%.