About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Mortgage Demand Jumps as Rates Drop
September 15, 2025
Mortgage applications surged in the first week of September as interest rates dropped to their lowest level since October 2024. Total application volume rose 9.2% from the prior week, according to the Mortgage Bankers Association. The average 30-year fixed mortgage rate fell significantly, spurring the strongest borrower demand since 2022.
Refinance activity jumped 12% week-over-week and was 34% higher than a year ago, now making up nearly half of all applications. Purchase applications increased 7% from the prior week and 23% from last year, reaching their highest level since July. Larger refinance loan sizes suggest homeowners are taking advantage of savings opportunities.
Adjustable-rate mortgages also saw higher demand as they offered lower rates than fixed loans. While rates ticked up slightly at the start of last week, upcoming economic news is expected to influence where mortgage rates head next, especially the Fed meeting on Wednesday.
Source : https://bit.ly/4nx8jle
