Mortgage Applications Up, Spreads Down!

December 10, 2025 / Source: Federal Housing Finance Agency

Trump administration is leading the housing market back into prosperity

for immediate release

12/10/2025

Washington, D.C. – President Trump is delivering for the American people: mortgage applications have risen to a three-year high as families return to the housing market, and spreads between mortgages and Treasuries continue to compress, improving mortgage rates and demonstrating the faith that the market has in this administration’s leadership.

As President Trump brings prices down and wages up, Director Pulte’s U.S. Federal Housing will continue to work with our partners across the administration and throughout our great country as we help restore the American dream of affordable homeownership.