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 Rates Drop to the Lowest Level in Five Months
March 17, 2025
Mortgage rates have dropped to their lowest level in five months, sparking increased activity in the housing market. The 30-year fixed-rate mortgage has reached its lowest point since October 2024, encouraging both homebuyers and homeowners to take advantage of the lower rates. Purchase activity rose by 7%, while refinance activity increased by 16.2% from the previous week, indicating that the housing market is starting to recover after a two-year slowdown.
Homebuyers are also making larger purchases, with average loan sizes hitting a 30-year high of $460,800. Overall mortgage demand is up 31% compared to last year. Rates for various types of loans, including conventional, jumbo, FHA, and 15-year mortgages, have all fallen, contributing to the surge in demand.
If rates continue to decline as we head into the spring season, this could encourage even more homebuyers to get off the fence and into the housing market.
Source : https://bit.ly/41Pq8T1
