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News Release

Mortgage Applications Up, Spreads Down!

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.

Mortgage Applications Mortgage Spreads


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.

 

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks. These government-sponsored enterprises provide more than $8.5 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on X @FHFA, YouTube, Facebook, and LinkedIn.

 

Contacts: MediaInq​uiries@FHFA.gov